In 2024, Flybondi has received much criticism domestically and abroad for its tendency to have frequent cancellations and large or unannounced delays, and it has been ranked as the 3rd worst airline by FlightAware.

[2] Speculation about the creation of a new airline began in the first half of 2016, shortly after the inauguration of President Mauricio Macri, who promised to open up Argentina's skies with the implementation of more modern laws and the reduction of bureaucracy to facilitate the creation of new airlines, since until then, the South American country was one of the most bureaucratic and restrictive in the world in terms of air transport policy.

[6][7][8] The creation of Flybondi, Argentina's first ultra-low-cost airline (ULCC), was announced in September 2016 by a group of Argentine businessmen, supported by funds from big names in the aviation industry, such as Michael Cawley, member of the board of Ryanair, Montie Brewer, former CEO of Air Canada and Robert Wright, founder of British Airways Citiflyer Express and shareholder and former non-executive director at Wizz Air, as well as Argentine Gastón Parisier and Swiss Julian Cook, founder and former CEO of Switzerland's FlyBaboo.

[13] In October 2016, the airline revealed its initial plans, intending to fly to Comodoro Rivadavia, Córdoba, El Calafate, Mendoza, Neuquén, Resistencia, Puerto Iguazú, Río Gallegos, Salta, San Carlos de Bariloche, Tucumán and Ushuaia with a fleet of six aircraft.

[23] Flybondi went international on December 17, 2018, with flights between El Palomar in the Greater Buenos Aires area and the Paraguayan capital Asunción.