A major airline has been forced to ground all flights after entering administration.
SmartLynx Airlines had been operating since 1992, but was forced to cease all services after increasing financial difficulties beginning in the autumn of 2025.
Each aircraft was grounded after efforts to rescue the Latvian-based carrier proved unsuccessful. The airline had built its reputation by supplying European operators such as easyJet, placing its branding on otherwise unmarked aircraft. In recent years, the carrier has also expanded its operations in India.
Between 2023 and 2024, the airline dramatically expanded its fleet to meet growing demand, and carried more than 10 million passengers within a single year. It served customers including IndiGo, Turkish Airlines’ AnadoluJet, AirTransat, DHL and others through tailored ACMI and charter arrangements.
However, on 24 November 2025, the company confirmed that it would be closing down entirely, leaving debts of £206m and taxes of £433,000 owed to the Latvian government.
The collapse after 33 years of trading marked the end of one of Europe’s most established wet-lease and charter operators.
The airline said: “This decision has been taken after a thorough assessment of our situation and long-term outlook and is not taken lightly.
“We started as a small Latvian airline with big dreams, and over 33 years have grown into an international family known for flexibility, adaptability and a never-say-die spirit.” The airline also paid tribute to thousands of its staff members, leaving behind a “true legacy”, reports Express. It added: “Smartlinks has always been built by its people – passionate professionals from all corners of the world who faced every challenge with determination.
“Together, we have filled the last three decades with moments that will not be forgotten: days and nights in the sky, flights around the world, new bases opening, new teams formed and so many special stories.
“These moments, created by thousands of dedicated associates over three decades, are SmartLynx’s true legacy. To our teams, partners, customers and friends – thank you.”
