[1] It was the subsidiary of the Small Planet Group which also owned sister companies in Cambodia, Germany, Italy, and Poland, all of which are also now defunct.

In December 2009, another company, flyLAL Charters PL, was registered to implement flights from various airports in Poland (Warsaw, Katowice, Gdansk as bases).

After the transaction, Small Planet Airlines was owned by Vytautas Kaikaris and Andrius Staniulis, the management of the company.

At the end of March 2017, it was announced that Small Planet Airlines had obtained a permit to fly to and from Schiphol Airport in the Netherlands, mainly serving south European holiday destinations.

During winter 2017/2018 Small Planet Airlines was back in India operating on behalf of IndiGo from its main base in Delhi.

On 24 October 2018, Small Planet Airlines announced it was entering a restructuring process due to financial difficulties shortly after its German and Polish subsidiaries did the same earlier in the month.

[8][9] On 28 November 2018, the Lithuanian aviation authority CAA revoked the operations license of Small Planet Airlines, resulting in grounding of all of its flights and fleets.

[10][1] In June 2009, flyLAL Charters the company flew 33,600 passengers and that month it was the largest number in Vilnius Airport, even greater than that of regular airlines.