It started its formation process with the authorities, and in March 2021 it got assigned some of the frequencies to the Baltra and San Cristóbal islands that TAME used to operate before its dissolution.

[5] On November 16, 2021, the company was officially presented and the Equair brand was revealed in an event that took place in Centro de Convenciones Bicentenario, Quito.

Equair was expected to have its inaugural flight, between Quito and Guayaquil on December 22, 2021, but was delayed to January 2022 due to a COVID-19 outbreak between the employees of the airline.

[3] On January 7, 2022, the airline received its operation certificate from the Ecuadorian Civil Aviation General Directorate, after a demonstration flight to the Galápagos Islands was carried out.

[8] On September 30, 2023, Equair announced it was shutting down its operations with immediate effect, citing causes as the rising cost of fuel and a reduction in demand for national routes.