“SmartLynx Airlines” will invest 25 million euros in the construction of a new office in Riga

The new “SmartLynx” office will be located in “Kapteinis”, Mārupe. Construction is expected to be completed by early 2026.

The project for the new office building “SmartLynx” was developed by the architectural firm “Kvites arhitekti”. The building is planned to be built on four floors with a total area of ​​11,000 square meters. There will be a parking lot with a transfer area next to the building, where there will be places to charge electric cars, shared cars and other vehicles. The interior of the new office was designed by Lauder Architects.

“SmartLynx Airlines” CEO Edvins Demenus says the airline has grown significantly over the past five years and is currently focusing on restructuring to take the next steps. take part in the company’s sustainable development.

“SmartLynx” representatives explained to the LETA group that “SmartLynx” would continue to lease the existing office building “Mazrūdas” in the Mārupe area for at least another year and a half. Also, possible conditions are currently being evaluated for the future use of the building, which is not responsible for “SmartLynx”, however, as an office tenant for almost 30 years, “SmartLynx” participates in the process of considering situations.

One of the options provides that the building will be available for rent or purchase, and several companies have shown interest in it, SmartLynx representatives noted.

LETA already announced that “SmartLynx Airlines” will carry 6.56 million passengers in 2023, which is 52.9% more than in 2022.

The turnover of the group “SmartLynx Airlines” last year was 496.651 million euros, which is 41.7% more than the previous year, and the profit of the group increased 2.5 times – up to 22.774 million euros. At the same time, the turnover of the parent company “SmartLynx Airlines” last year was 339.027 million euros, which is 44.2% more than the previous year, but the company’s profit decreased by 5.3% – to 11,089 million euros.

“SmartLynx Airlines” was registered in 1992, and its share capital is one million euros, according to “Firmas.lv” information. The sole owner of the SIA company is “Smart Aviation Holding”, which belongs to “Avia Solutions Group”, which has the real benefit of the Lithuanian citizen Ģedimins Žiemelis.