Parent company Fastjet suspended its operations in April 2014 pending restructuring, although it never resumed flights.
The subsidiary was created as Fly540 felt there was a lack of domestic and regional air service in and out of Angola.
[3][4] Operations were expected to begin in 2009,[1] but Fly540 Angola did not obtain certification from the Instituto Nacional da Aviação Civil until February 2011.
[9] In June 2012, parent company Fly540 was acquired by Rubicon Diversified Investments, which made all of Fly540's subsidiaries part of its new venture Fastjet.
[11][12] Fastjet subsequently decided to sell off Fly540 Angola's fleet, and the airline never resumed operations.