[4][5] According to the National Civil Aviation Agency of Brazil (ANAC), which cancelled its operation, prior to cessation of operations, from January to December 2018 Avianca Brasil had 13.4% of the domestic and 7.3% of the international market share in terms of passengers per kilometer flown,[6] making it the fourth-largest airline both in domestic and international traffic in Brazil.

An auction on 10 July 2019 raised R$555.3 million, not enough to pay a debt of R$2.7 billion, although Avianca's bankruptcy was not officially decreed.

Its name was then OceanAir and began to operate scheduled services in 2002, between São Paulo, Rio de Janeiro, Macaé and Campos.

At the time, OceanAir's fare between São Paulo's airports was cheaper than a taxi and on par with a luxury bus ride.

Synergy Group also bought VIP as part of a strategy to create a continent-wide airline under the Avianca brand.

With this fleet growth, Efromovich intended to control 15% of the Brazilian air market in the next decade, including routes to Mexico, Colombia, Africa and the United States.

On 10 November 2010, Star Alliance decided to accept AviancaTaca Holding to join the network as a member airline.

However, Avianca Brasil was rejected at the time due to its outdated IT platforms and an objection by TAM Linhas Aéreas, which since left Star Alliance to join Oneworld after merging with LAN Airlines.

[12] Upon TAM's exit, Avianca Brasil officially joined Star Alliance on 22 July 2015 as an affiliate.