The Italair F.20 Pegaso was a twin-engine utility aircraft designed by Stelio Frati and built in Italy in 1971.

It had the sleek lines typical of Frati's designs and was a conventional low-wing cantilever monoplane with retractable tricycle undercarriage.

Before arrangements could be made to produce the aircraft in series, however, Italair ran out of money, and the rights to the design reverted to Frati.

Frati hoped that this version might attract military buyers who could use it for training, maritime patrol, or even ground attack, and the prototype was equipped with two pylons under each wing to demonstrate its capacity to carry external stores.

Although exhibited at the Paris Air Show in 1985, development of the Condor was postponed in favour of the Promavia Jet Squalus that Frati was working on at the time, and was eventually abandoned.