[4] Among its members was former Ozjet Airlines Chief Executive Officer, Mr Peter Schott an MBA graduate from Swinburne University in Melbourne.

On 13 November 2007 it was reported in Solomon Islands media that a new airline would commence services between Brisbane and Honiara by the end of the month,[8] using an ERJ-170 until an ERJ-190 became available early in 2008.

[9] Australian media outlets reported that Lion Air was taking a 49% interest in SkyAirWorld under the joint venture.

The airline, to be called Timor Air, would use a SkyAirWorld Embraer 190 for services from Dili to Darwin and Bali; operations were planned to commence in February 2009.

[19] In December 2008, before the airlines eventual collapse, the SkyAirWorld fleet consisted of:[3] The Lion Air Australia joint venture was to have six Boeing 737-900ER aircraft, but this never came to fruition.