The story
The airline was established in 1968 and started operations in May 1968. It was founded by Jean Fournier and Real Poulin as a flying school. The acquisition of other related companies led to the launch into passenger and cargo transport services. In 1989 Air Satellite acquired Air-Aviation stock of Rimouski.
Air Satellite sustained a fatal accident on December 7, 1998, when its aircraft, a Britten-Norman BN2A Islander, fell into the St. Lawrence River one mile from the Baie-Comeau Airport, killing 7 and injuring 3 more. The crash was one cause for the airline's diminished success, which eventually led to its sale in 2007 to Exact Air.
From Wikipedia’s article on Air Satellite, shared under CC BY-SA 4.0.3