By 1938 the Bolivian air force consisted of about 60 aircraft (Curtiss Hawk fighters, Curtiss T-32 Condor II and Junkers W 34 bombers, Junkers Ju 86 used as transport craft, and Fokker C.V, Breguet 19 and Vickers Vespa reconnaissance planes), and about 300 staff; the officers were trained in Italy.

It is the civilian wing of the 'Fuerza Aérea Boliviana' (the Bolivian Air Force), operating passenger services to remote towns and communities in the North and Northeast of Bolivia.

The decision was to allow TAM to reorganize with a status akin to the state-sponsored Boliviana de Aviacion prior to resuming service under civilian regulations.

TAB, a charter heavy cargo airline, links Bolivia with most countries of the Western Hemisphere; its inventory included a fleet of Lockheed C-130 Hercules aircraft.

During a 31 July 2017 ceremony, which was attended by the armed forces' high command, four models of lead-in fighter trainers (LIFT; L-15, M-346, T-50, and Yak-130) were presented with a potential to replace the T-33 and reequip the GAC-31.