[3] In 2006, Loftleiðir, the aircraft lease arm of Icelandair Group, acquired a majority 55% shareholding in the LatCharter stock, and eventually the whole company.

Since then, the ACMI market has been the company's primary focus, having operated for numerous carriers such as Air Malta,[8] SBA Airlines,[9] Finnair,[10] Condor.

[14] In 2014, SmartLynx transitioned into a paperless cockpit environment by using the Jeppesen FliteDeck Pro app as its electronic flight bag (EFB).

[25] In February 2022, SmartLynx Airlines signed an agreement with SMBC Aviation Capital to lease the first two Boeing 737 MAX 8 aircraft.

[26][27] In March 2022, SmartLynx announced the introduction of first Airbus A330-300 freighters to its fleet after signing an agreement with Air Transport Services Group.