It is a privately owned airline operating scheduled flights to destinations mainly in Europe.

[citation needed] In January 1998 Regional was renamed Cygnus Air and by November the airline shifted to full cargo operations.

By March 2010, following a capital increase, 73% of the company belonged to Imesapi and 27% to the Gestair Group.

The airline operates regular cargo flights within Europe and Canary Islands with its B757.

Cygnus Air also offer to its clients charter flights and ad-hoc solutions.