Saffron Aviation (Pvt) Ltd. which manages Cinnamon Air is a joint venture between John Keells Holdings PLC (JKH), MMBL Leisure Holdings (Pvt) Ltd., and Phoenix Ventures Limited.

All Cinnamon Air scheduled flights operate in code share with Sri Lankan Airlines.

To further its relationship with the national carrier, one of Cinnamon Air's Cessna 208 Caravan Amphibians sports a SriLankan AirTaxi livery.

Cinnamon Air, owned and operated by Saffron Aviation (Pvt) Limited, is a joint venture between Sri Lanka's largest listed conglomerate, John Keells Holdings, MMBL Leisure Holdings (a part of the Mercantile Merchant Bank Group) and Phoenix Ventures (parent of the Brandix Group, Sri Lanka's largest garment manufacturer).

The airline is based out of Katunayake where it operates a dedicated domestic terminal (within the precincts of the BIA) and also has its own purpose-built hangar and maintenance facilities.