[citation needed] It was owned by Grupo Aeromar (a private company) (99.99%) and had 864 employees in July 2010.

[6] The airline awaited a 100 million USD injection from Avianca's parent company, Synergy Group.

[9] As of 2023, it was reported that the airline was $600 million USD in debt, primarily due to efforts to avoid a Mexican government financial collapse, and faced the possibility of cessation of operations after February 14, 2023.

[11] At the same time, reports also emerged that Brazilian start-up carrier Nella Linhas Aéreas had acquired Aeromar, according to logo updates on its official website and social platforms.

[9] Aeromar announced on February 15, 2023, the definitive cessation of its operations, due to financial problems, after 35 years of flying uninterruptedly in Mexico, the United States, and Cuba.

[citation needed] Aeromar owes over MX$5 billion pesos (US$268 million) to different creditors, including the Mexican authorities.

[5] On August 1, 2019, Aeromar and Turkish Airlines signed a codeshare agreement, after the latter carrier commenced operations to Mexico City.