The story
The airline was established on 14 December 1960 and started operations in August 1964. Sodetraf, UTA and Air Afrique held an interest in the airline until January 1976, when the government of the Ivory Coast acquired and nationalized the airline. Initially known as Air Ivoire, the airline suspended operations in September 1999 due to financial difficulties. After being acquired by AAA, owned 51% by Air France and AIG, the company changed its name to Nouvelle Air Ivoire and resumed operations in 2001. The airline reverted to its original title before its dissoultion.
According to the company website, after an increase in the airline's company, and a repurchase by the government, Air Ivoire reverted to government control. On 15 October 2008, the private Groupe Atlantique took a 51% shareholding, with the Government of Ivory Coast retaining 49%.
Air Ivoire finalized a substantial fleet modernization process in the second half of 2009, whereby its Fokker F28 were replaced by three Boeing 737s forming the backbone of its regional network. All aircraft were maintained as per Ivorian and European standards (EU-OPS).
From Wikipedia’s article on Air Ivoire, shared under CC BY-SA 4.0.3