It was the first Filipino airline to go regional and internationally offering routes to Hong Kong, Bangkok, San Francisco, Shanghai, and India.

In 1932, Don Eugenio H. López, Sr., the sugar and shipping magnate, launched Iloilo-Negros Air Express Company (INAEC) which became the first Filipino-owned private airline in the Philippines with its operational base in Iloilo.

INAEC with its three-engine aircraft advertised its air travel as “fast, commodious, elegant and reliant” compared with the other services.

The company was renamed Far East Asia Transport, Inc. (FEATI), with an inaugural flight on November 19, 1945, from Grace Park in Caloocan to Iloilo.

A combination of political and business developments in 1947 eventually forced the López brothers to sell FEATI, which was merged by its new owner with Philippine Airlines.

On December 19, 2001, INAEC obtained its Certificate of Public Convenience and Necessity (CPCN) and immediately thereafter went into domestic and international chartering and non-scheduled air services.