The story
The airline was founded as Aerolíneas del Sur in 2004 by Grupo Marsans and started operations on December 6, 2004, after receiving approval from the Chilean civil aviation authorities in November 2004. On December 1, 2007, it was renamed Air Comet Chile, acting as the sister airline of the Spanish airline Air Comet. It was at that time Chile's third biggest airline.
The airline ceased operation on October 31, 2008, and filed for bankruptcy protection on December 18, 2008. Some of their aircraft were taken by PAL Airlines.
From Wikipedia’s article on Air Comet Chile, shared under CC BY-SA 4.0.3