The airline is owned by the Phongsavanh group, a Lao company engaged in international trading, timber, hospitality, telecommunications, banking, and security products and services.

The airline hired PricewaterhouseCoopers[2] for management consultancy services to ensure adherence to international aviation standards.

Lao Capricorn Air Company was sold to Phongsavanh Airlines Public Company headed by Lao magnate Od Phongsavanh, which effectively took control of the airline in January 2010.

[5] The airline announced it would be resuming flights mid 2015 under a new owner, however, in December 2014 it was announced that the two Sukhoi SSJ 100 made for Lao Central Airlines were to be transferred to the Russian Federation Presidential Office putting in doubt the ability of the company to resume services.

Previously Lao Central Airlines flew to the following locations:[7] Lao Central Airlines previously announced that it will service the following destinations once it resumes operations in mid 2015; to Luang Prabang (Laos), Bangkok, Hanoi (Vietnam), Phnom Penh (Cambodia), Naypyidaw (Myanmar), Kuala Lumpur (Malaysia) and other cities.