The story
The airline began operations in May 1985 using a Boeing 707 and a Boeing 737-200. By the next year, these aircraft were replaced with Boeing 727s, which were the first aircraft painted in the new airline's livery. The 727s were replaced by Boeing 737-200 and brand new Boeing 737-300 from 1988 onwards.
Charter flights were flown from Amsterdam, Stockholm, Dublin, Birmingham, Bristol, Brussels, Copenhagen, Düsseldorf, Exeter, Frankfurt, Glasgow, Hamburg, London, Manchester, Munich, Newcastle, Stuttgart, and Zurich to points in Portugal, but mostly Faro.
By early 1993, TAP Air Portugal decided to restructure its operations, and Air Atlantis was dissolved on April 30, 1993.
From Wikipedia’s article on Air Atlantis, shared under CC BY-SA 4.0.4