Overview
- The Latvia-based carrier has ceased operations with its fleet grounded after unsuccessful rescue efforts.
- SmartLynx specialized in ACMI wet-leasing, which provides another airline with the aircraft, crew, maintenance and insurance under one contract.
- Clients included easyJet, IndiGo, AnadoluJet of Turkish Airlines, Air Transat and DHL, reflecting its role as a major capacity provider.
- On November 24, 2025, the company said it would shut down all operations, leaving reported debts of £206 million and unpaid taxes of £433,000 to Latvian authorities.
- The airline expanded rapidly in 2023–24 and carried more than 10 million passengers in a year, and administrators are now evaluating creditor recoveries as partner airlines adjust schedules that relied on its aircraft.