The story
The airline was established and began operations in 1983. It began operations with two aircraft and changed ownership in 1988.
On January 20, 2009, the Dominican Civil Aviation Institute (IDAC) ordered Caribair to suspend its flight operations due to alleged "operational irregularities". Caribair reportedly was found by IDAC inspectors to be "masking multiple commercial operations as private operations in unauthorized airplanes." The company announced on January 26, 2009, that it would appeal the suspension. IDAC later allowed the airline to recommence operations, with a reduced schedule using only two aircraft.
From Wikipedia’s article on Caribair, shared under CC BY-SA 4.0.4