Private company

SmartLynx Airlines, SIA

Latvia-based airline

SmartLynx Airlines Limited, previously LatCharter, was a Latvia-based ACMI, charter and cargo airline headquartered in Mārupe. It operated flights on wet lease (ACMI), holiday charters, ad-hoc passenger charters and cargo flights across Europe, Africa, Asia, Australia, Canada and the United States.2 It employed 382 people in 2023.1 Its revenue was €339 million in 2023.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Mar 31, 1992Founded1
  • IndustryService activities incidental to air transportation, passenger air transport1
  • HeadquartersMārupe Parish1
  • Websitesmartlynx.aero
  • Legal formlimited liability company1
  • LEI2138004Q1UZS7BES71253
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressMAZRUDAS, LV-2167 Marupe, Latvia3
  • Registered withRegister of Enterprises of the Republic of Latvia, 400030561333
SmartLynx A320 YL-LCC
Photo: Visit-suomi-2009-05-by-RalfR-283.jpg : Ralf_Roletschek derivative work: Albspotter ( talk ), GFDL 1.2, via Wikimedia Commons5

SmartLynx Airlines Limited, previously LatCharter, was a Latvia-based ACMI, charter and cargo airline headquartered in Mārupe. It operated flights on wet lease (ACMI), holiday charters, ad-hoc passenger charters and cargo flights across Europe, Africa, Asia, Australia, Canada and the United States.2

Corporate structure

SmartLynx Airlines, SIA is part of a group headed by Avia Solutions Group. 15 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

The privately owned company started operations in 1993 with a leased Tupolev Tu-134B. In 2001, the Tupolev fleet was replaced with the larger Yakovlev Yak-42 and in 2003, first Airbus A320-200 was inducted into the service on behalf of the airline.

In 2006, Loftleiðir, the aircraft lease arm of Icelandair Group, acquired a majority 55% shareholding in the LatCharter stock, and eventually the whole company.

In 2007, the airline expanded its fleet by adding five more A320-200s and two 767-300s. The aircraft were wet-leased to different airlines around the world. Since then, the ACMI market has been the company's primary focus, having operated for numerous carriers such as Air Malta, SBA Airlines, Finnair, Condor. In 2008, the company was renamed SmartLynx Airlines.

In 2012, the airline was bought from Icelandair in a management buy-out also forming a single aircraft subsidiary Smartlynx Airlines Estonia to serve Estonian tour operators. In 2014, SmartLynx transitioned into a paperless cockpit environment by using the Jeppesen FliteDeck Pro app as its electronic flight bag (EFB).

In 2016, the company was bought by a Netherlands-based investment fund.

In June 2016, Zygimantas Surintas was appointed as the company's CEO.

In 2019, the airline established a subsidiary in Malta (SmartLynx Malta). SmartLynx Airlines also became a part of Avia Solutions Group in 2019.

In 2020, the airline expanded into air cargo transportation. In February 2021, SmartLynx and DHL signed a partnership agreement. The partnership included two of SmartLynx Malta A321-200s transporting freight and goods on behalf of the Deutsche Post subsidiary.

Read the full text

In October 2021, SmartLynx announced the establishment of an in-house line maintenance centre, SmartLynx Technik. SmartLynx also leased several Airbus A320 aircraft to Nigerian airline Air Peace in November 2021. In December 2021, the airlines announced plans to open a new office in Vilnius, Lithuania.

In February 2022, SmartLynx Airlines signed an agreement with SMBC Aviation Capital to lease the first two Boeing 737 MAX 8 aircraft. In March 2022, SmartLynx announced the introduction of first Airbus A330-300 freighters to its fleet after signing an agreement with Air Transport Services Group.

SmartLynx also formed partnerships with airlines such as the British airline EasyJet, leasing several aircraft to EasyJet in June 2022. In October 2022, SmartLynx also announced it was adding four Airbus A321F freighters to its fleet, with plans to have 20 A321F aircraft by the end of 2023. The four new aircraft were acquired through a freighter conversion programme in partnership with Aero Capital Solutions.

In 2022, SmartLynx Airlines celebrated its 30th anniversary.

In October 2025, Avia Solutions Group sold SmartLynx to a Dutch fund. Its subsidiaries, SmartLynx Airlines Malta and SmartLynx Airlines Estonia, were not part of the sale and are slated to be rebranded under a single carrier, while SmartLynx was to continue as an independent firm.

On 24 November 2025, the airline announced it would cease operations effective immediately due to financial difficulty.

On December 1 2025, another subsidiary of Avia Solutions Group, BBN Airlines Thailand (previously trading as Thai SmartLynx Airlines), commenced ACMI operations with Thai VietJetAir as its first customer.

From Wikipedia’s article on SmartLynx Airlines, shared under CC BY-SA 4.0.4

Products and brands

As of February 2025, the SmartLynx Airlines fleet - including all subsidiaries - consists of the following aircraft:

From Wikipedia’s article on SmartLynx Airlines, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Employees over time

  • 20233821
  • 20223231

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

SmartLynx Airlines, SIA revenue by year1339.0M EUR in 2023+44% since 2022
0100.0M EUR200.0M EUR300.0M EUR400.0M EUR2022: 235.2M EUR235.2M EUR20222023: 339.0M EUR339.0M EUR2023+44%
  • 2023339.0M EUR1
  • 2022235.2M EUR1

Net income

SmartLynx Airlines, SIA net income by year111.1M EUR in 2023−5% since 2022
05.0M EUR10.0M EUR15.0M EUR2022: 11.7M EUR11.7M EUR20222023: 11.1M EUR11.1M EUR2023−5%
  • 202311.1M EUR1
  • 202211.7M EUR1

Timeline

  1. Mar 31, 1992Founded Founded1