SmartLynx Airlines turnover increased by 18% in 2016

SmartLynx Airlines, the third largest passenger carrier in Latvia, reported that net turnover in 2016 increased by 18% to €108.4m. Aircraft wet lease services represented 53.3% of the company’s business portfolio, with charter flights taking up another 45.5%. The aircraft wet lease (ACMI) services net turnover made up €57.7m in 2016, or 15.3% more than in 2015, while charter flights turnover amounted to €49.4m, or 21.9% more than the previous year. Other segments of the portfolio – 1.2% or €1.3m – consists of SmartLynx ATO, which is the leading pilot training centre in the Baltic States and offers type rating courses for Airbus A320 series.