The story
Abaeté Linhas Aéreas can trace its origins to Aerotáxi Abaeté, an air taxi airline established in 1979. In 1994, Aerotáxi Abaeté received authorization to establish a sister company called Abaeté Linhas Aéreas, dedicated to the operation of scheduled services. Both companies continue to offer services as charter and scheduled airlines and sometimes interchange aircraft.
Abaeté Linhas Aéreas began its operations flying with two 14-seat Embraer EMB 110 Bandeirante between Dois de Julho International Airport (now renamed as Deputado Luís Eduardo Magalhães International Airport or simply Salvador Bahia Airport) and the cities of Bom Jesus da Lapa, Caravelas, Teixeira de Freitas and Guanambi. In 2002, due to low demand, it stopped flying to Caravelas.
In 2006, Abaeté added a third Embraer Bandeirante to the commercial fleet and began flying between Salvador and Barreiras, extending the route to the federal capital Brasília. However, two years later, due to the Great Recession, which resulted in increased costs and uncertainty about the future, the airline decided to optimize its operations, withdrawing one of the three planes and maintaining flights only to Bom Jesus da Lapa and Guanambi.
In February 2012, after reporting monthly losses of R$100,000.00 (US$57,000.00), Abaeté Linhas Aéreas announced the suspension of its regular commercial operations. The operations of its parent company, Aerotáxi Abaeté, however, were not affected
From Wikipedia’s article on Abaeté Linhas Aéreas, shared under CC BY-SA 4.0.4