🇱🇻 SmartLynx Airlines — sequence of events (Oct–Nov)
Signal: n
• In October, SmartLynx Airlines Latvia was sold by Avia Solutions Group to a Dutch distressed-assets fund (Stichting Break Point DAM) and the company’s management.
• Shortly after the transaction, the court opened a legal protection process for SIA SmartLynx Airlines; reported liabilities include a tax debt and multi-million commitments to creditors.
• Subsidiaries in Malta and Estonia were structurally separated from the Latvian unit during the same restructuring phase.
• In November, SmartLynx Airlines announced the termination of economic activity in Latvia.
• International ACMI partners reported operational disruptions in parallel with the restructuring.
• Professional aviation media did not reference Avia Solutions Group after the sale.
Image: photos/photo_69@24-11-2025_19-16-57.jpg