Keep up to date with Insol Europe news on our LinkedIn profile page...

 

Major European hotel operator collapses into administration

Revo Hospitality Group, Europe’s largest white-label hotel operator, has filed for insolvency under self-administration in Germany. This move affects approximately 140 companies within the group, which…

​Claire’s and The Original Factory Shop on brink of collapse

In January 2026, UK high street staples Claire’s and The Original Factory Shop entered administration, putting approximately 2,500 jobs and 294 stores at risk. Both retailers, owned by investment firm…

Eight Advisory announced as new INSOL Europe Annual Congress Main Sponsor

Eight Advisory is a leading European independent consulting firm specialising in financial, operational and strategy advisory services. We support executives, shareholders, lenders and investors at critical…

Future of city housing project unclear after developer Capelli Lux files for insolvency

The South Village mixed-use development in Howald, Luxembourg, has been thrown into uncertainty following the bankruptcy of Capelli Lux, a subsidiary of the French real estate developer Groupe Capelli.…

News

SmartLynx Airlines closure leaves fate of sister Estonian and Maltese carriers unclear
Latvian-based SmartLynx Airlines has ceased all commercial operations, ending 33 years as a leading European ACMI and charter provider. The shutdown follows a rapid spiral into insolvency, occurring just one month after the carrier was sold by Avia Solutions Group to its management and Dutch investment firm Break Point Distressed Asset Management.

While parent SmartLynx Latvia faced debts exceeding €238 million, the fate of its sister carriers in Estonia and Malta initially appeared separate under ASG ownership. However, recent reports indicate ASG subsequently divested these subsidiaries to the same Dutch fund. 

Estonian authorities have since revoked SmartLynx Estonia’s operating license, effectively grounding the unit. This collapse has left hundreds of employees facing unpaid wages and stranded crew members abroad. 

Read more at Flight Global
  BENCHMARKS  
Loading Time: Base Classes  0.0026
Controller Execution Time ( News / News Details )  0.0099
Total Execution Time  0.0127
  GET DATA  
No GET data exists
  MEMORY USAGE  
793,752 bytes
  POST DATA  
No POST data exists
  URI STRING  
news/details/smartlynx-airlines-closure-leaves-fate-of-sister-estonian-and-maltese-carriers-unclear
  CLASS/METHOD  
news/news_details
  DATABASE:  insoleur_main   QUERIES: 45  (Show)
  HTTP HEADERS  (Show)
  SESSION DATA  (Show)
  CONFIG VARIABLES  (Show)