Initially owned by the León AirportConsortium the company began to operate on September 29, 2003 with a flight from León to Barcelona's El Prat airport. LagunAir stopped operating on 31 January 2005, allegedly due to excessive technical difficulties in operating from León Airport and the mismanagement of the latter by Aena. In February 2005 it was bought and relaunched by AGELCO Group, acronym for Agrupación de Empresarios Leoneses de la Construcción, a local Leonese investor group. The company and the investors received extensive local government support. The company resumed operations on 1 March 2005.[1]
The new ownership re-oriented the firm and set up a long-term strategy aimed at becoming the leading regional airline in Castilla and León. Electronic ticketing was introduced in May 2005, and the company reached several agreements with major Spanish tour operators. The strategic expansion plan included increasing the company's capital to 14 million euros, in order to renew the current SAABturboprop fleet with longer-range Embraerjet aircraft, and setting up focus city operations at the other major Castilla and León airports, beginning with Valladolid Airport and Salamanca Airport.
On October 9, 2008, the company announced on its website that it had ceased flight operations and tickets sales until further notice. All pending bookings were transferred to Air Nostrum[2]