The company was established in 1993 and mainly carries out domestic chartered helicopter flights throughout Nepal from its three hubs in Kathmandu, Pokhara, and Lukla.

[9] In 2001, the airline received a foreign direct investment from British businessman Malcolm Roy Smith, who held 50% of the airline and served as the chairman.

[10] In 2005, the airline partnered with the Bhutanese flag carrier Druk Air, to which a Eurocopter helicopter was leased, after the government of Bhutan decided to introduce helicopter charter services in the country.

This restriction is still in place as of January 2023 and specifically also regards Air Dynasty.

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