[3][4] Dniproavia was established in 1933 as Dnipropetrovsk Integrated Air Squad, forming part of then Soviet national airline Aeroflot.

It blamed the loss on the suspension of its flights to Germany, due to a dispute with the German authorities over Lufthansa's landing rights at Dnipropetrovsk Airport.

[6] As of 25 March 2012, as a result of the anti-monopoly committee of Ukraine's decision to allow the consolidation of the Ukrainian Aviation Group's physical and operational assets, Dniproavia no longer operates flights with its own code, but rather on behalf of its parent company Aerosvit.

[8] On 9 January 2013, the company ceased all operations,[9] but some flights were resumed on 1 February 2013.

[13] As of January 2017, Dniproavia served domestic routes within Ukraine as well as international services to Bulgaria, Israel and Romania on a scheduled basis.