South Atlantic Airways was an airline based in Santa Cruz de Tenerife, Canary Islands, Spain.

[1] South Atlantic Airways was founded in 2000 as a Spanish-Russian venture.

The company leased a plane from Israeli airline Arkia and began operating charter flights in March 2001.

On 30 November 2001 South Atlantic Airways returned the leased plane to Arkia and ended all operations.

[3][4] The circumstances in which this airline operated and its activities were not clear and are rife with speculations.