[5] The company is backed by three private-equity funds, two of them from Europe (Axis Participaciones Empresariales and Corpfin Capital) and a third from the United States (CCMP Capital), whose chairman, Greg Brenneman, was one-time President and COO of the US airline Continental Airlines,[6] and also chairs Volotea's board.

[8] After studying the Bombardier CRJ1000 and the Embraer E-195 in 2011, Volotea selected the Boeing 717 after Southwest Airlines acquired AirTran and replaced its 717 fleet.

[10] However, in November 2015, Volotea announced plans to phase out its 717 fleet over the next few years and replace it with Airbus A320 family aircraft.

[17] In March 2022, the company announced its intentions to take part in the upcoming PSO auction in Sardinia, which had been previously announced by the Autonomous Region of Sardinia, solely with the route from Cagliari-Elmas to Rome Fiumicino airport, being it the most profitable service within the PSO scheme, while data regarding the other routes was being analysed as they were also being taken into consideration.

[18] Subsequently, at the end of the month, ITA Airways announced its willingness to operate PSO service routes from all Sardinian airports without any financial compensations for an year until May 2023.

[20] In April 2022, Carlos Muñoz, the CEO of the company, eventually announced Volotea had reached an agreement with ITA Airways; according to which the airline will operate only half of the frequencies, while the remaining ones would be assigned to the counterpart.