Romavia was formed by the Romanian government in 1990 and launched flight operations in the following year.
Romavia set up an Aircraft Maintenance Organization, for the benefit of their own fleet and for other customers. The fleet consisted of two orphan BAC 1-11 (YR-BRE and the last worldwide build, YR-BRI with stage III Rolls Royce engines).
As of August 2014 the company is in bankruptcy .
On 10 January 1991, a Boeing 707-300 (registered YR-ABD) was damaged beyond repair during a crash landing at Bucharest Otopeni Airport. The aircraft had been on a crew training flight for soon-to-be-launched Romavia, when it hit the runway with its left wing, resulting in a fire. There were no casualties amongst the 13 persons on board.
On 13 December 1995, Banat Air Flight 166, an Antonov An-24 (registered YR-AMR) chartered from Romavia, crashed shortly after take-off from Verona Airport, killing all 41 passengers and 8 crew members on board. The accident most probably happened because of the aircraft having been overloaded and improperly de-iced.