Ultra Air was founded in 2020 by founder and former CEO of
Viva Air Colombia &
Viva Air Perú and former
Interjet CEO William Shaw. It received its
air operator's certificate from the
Colombian Civil Aviation Authority in January 2022, and began passenger operations on 23 February 2022 with an inaugural flight from
Bogotá to
San Andrés Island. In January 2022, Ultra Air became the first airline to receive a mega-investment qualification from the
Ministry of Commerce, Industry and Tourism, which grants tax incentives to companies that meet certain criteria such as creating a certain amount of new jobs (Ultra Air having created 22,000), and investing a certain amount (Ultra Air having planned to invest USD $30 million throughout the subsequent five years). On 29 March 2023, Ultra Air announced that it would suspend operations effective 30 March at 12:00 a.m. local time. ==Destinations==