The airline was set up on 15 May 2012, as a private-public entity, partially owned by
Air France – which intended to make
Port Bouet Airport a regional
hub – and the
Aga Khan Fund for Economic Development (AKFED). Air Côte d'Ivoire had an initial capital of
CFAF2.5 billion, majority-owned by the
government of Ivory Coast (65%), with the balance held by
Air France Finance (20%) and Aérienne de Participation-Côte d'Ivoire (15%), an airline holding company of AKFED. The Ivory Coast had had no national carriers since the collapse of
Air Ivoire in . The airline will have "technical, commercial and operational synergies" with
Air Mali and
Air Burkina, two other airlines associated with the AKFED. As of November 2012, it was planned for the new company to have 13 flight captains, 12 first officers and 37 cabin crew. The company projects to have a passenger capacity of 330,000 per year. It carried 253,000 passengers during 2013. ==Corporate affairs==