[7] What is now S7 Airlines started in 1957 as "the Tolmachevo united squadron" of the General Directorate of Civil Aviation of the Soviet Union.

After the Soviet Union disintegration and during the 1990s Russian economic reforms, a state-run Siberia Airlines was created based on the squadron in 1992 and later privatized in 1994.

In the summer of 2004, during the Farnborough Airshow, the company signed a memorandum of understanding to purchase fifty Sukhoi Superjet 100s, with the first to be delivered in 2007.

[13] In April 2007 S7 announced that it had set up a new division, called Globus, focused on charter flights for tourists to foreign holiday destinations.

[15] In November 2015, S7 Airlines offered to acquire a majority stake in the bankrupt Transaero; the proposal was subsequently rejected by shareholders.

[16] In 2016, the American band OK Go partnered with S7 to film a "zero-g" music video for their song "Upside Down & Inside Out", aboard a reduced gravity aircraft.

[citation needed] In December 2018, a few months after the completion of its purchase of Sea Launch[19] the parent holding company was renamed S7 AirSpace Corporation to reflect the transition from an aviation-only business.

[20] On 31 March 2019, chairwoman and co-owner Natalia Fileva died after the Epic LT private plane she was in crashed while landing at Frankfurt Egelsbach Airport.

[citation needed] In July 2022, S7 announced a halt to all plans for its new low-cost subsidiary Citrus due to the required aircraft not being delivered.

[30] In December 2023, an agreement was reached with AerCap, ALC, SMBC Aviation Capital and others to purchase 45 aircraft for around 45-50 billion rubles, with help from the Russian National Wealth Fund.

[31] In July 2024, Dmitry Yadrov, the head of Russia’s civil aviation regulator confirmed reports from S7 that they were "decommissioning" their A320neo and A321neo aircraft due to ongoing issues with the Pratt & Whitney PW1000G engines and international sanctions preventing regular maintenance of the engines [32] There are financial and operational performance S7 Airlines starting from 2011: As of November 2023[update], the airline serves 10 countries with 134 routes.