The story
The airline was founded in 1993 as Donetsk State Airline, then re-organized and re-branded as Donbassaero in 2003. Their website was launched in July 2005 and their online booking system started in November of the same year.
Since 25 March 2012, as a result of the Anti-monopoly committee of Ukraine's decision to allow the consolidation of the Ukrainian Aviation Group's physical and operational assets, Donbassaero no longer operated flights with its own code, but rather on behalf of its parent company Aerosvit.
The airline filed for bankruptcy and ceased operations on 14 January 2013.
From Wikipedia’s article on Donbassaero, shared under CC BY-SA 4.0.3