The airline started operations in 1975 and was part of the Aerocondor Group. It was owned by Aerocondor SGPS (85.15%) and Gestair Group (14.85%) and had 90 employees, with headquarters at Cascais Aerodrome. In May 2008, the airline has suspended scheduled domestic operations in Portugal.
Since June 2008, Aerocondor is not in possession of any aircraft any more due to financial problems. Initial plans were to purchase or lease Boeing 757 or 767 aircraft in order to expand, but instead bankruptcy was declared.