The airline was established on 2 June 1993 as Air Terrex, with its first revenue flight (from Bratislava to Tel Aviv) taking place in January 1994. The new name Air Slovakia was adopted in 1995, following the re-positioning of the airline after the Dissolution of Czechoslovakia.
In October 2006 the airline was sold by Indian businessman Ninder Singh Chohan and purchased by Indian businessman Harjinder Singh Sidhu, who aimed at focussing the airline towards his home country, launching several new destinations.
On 2 March 2010, Air Slovakia had its AOC removed by Slovak authorities with immediate effect, which led to the airline being dissolved in June 2010.
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