The other division was Itapemirim Regional, which operated flights between São Paulo and Rio de Janeiro with two Cessna 208 Caravans, between 1997 and 1998.

[8] On 14 September 2020, Itapemirim Group purchased América do Sul Táxi Aéreo, sister company of ASTA Linhas Aéreas.

[9] During the month of April 2021, ITA's first A320 made a series of test flights in order to obtain the airline certification, leaving Guarulhos airport and going to Belo Horizonte (Confins), Salvador, Porto Alegre and Rio de Janeiro (Galeão).

On 20 May 2021, The agency issued the concession grant for operating regular and non-regular public air transport services in Brazil.

[14][15] As of February 2022, the company was in advanced talking with two American private equity funds, by the agreement, the funds would assume the airline's debts but they want to offset its current President, Sidnei Piva de Jesus, from the company's management, making it an independent airline, reports said.

[16][17][18] The newspaper O Globo had access to exclusive material showing that the company had ANAC's approval despite a social capital of R$380,000 (US$70,501), insufficient for aviation operations, according to specialists.

[4] According to public information, the company Baufaker Consulting Finances e Representações Comerciais is headquartered in Taguatinga, Federal District, has a share capital of R$100,000 (US$18,553) and has no experience in civil aviation, the company declares to the Federal Revenue of Brazil that it operates in areas such as printing security materials, credit cards administration, retail, real estate, among others.

The Judicial Recovery documentation points to legal uncertainties regarding Viação Itapemirim and Sidnei Piva, who got a freezing order by the Court of Justice of São Paulo, on 18 April.