Air Inter was founded as a semi-public entity to provide efficient domestic air transport at the lowest cost. Its financial backers included French public and private sector transport businesses in road, rail and air transport, as well as banks.
Air Inter logos
Air France and Société Nationale des Chemins de Fer Français (SNCF), the state railway company, were Air Inter’s two largest public sector shareholders, each holding 25% in the airline. Union des Transports Aériens (UTA) was its largest private sector investor. UTA initially held a 15% minority stake in Air Inter. UTA subsequently increased its shareholding to 36%, becoming the largest single shareholder.
On 12 January 1990 Air Inter, with UTA and Air France, became part of an enlarged Air France group, which in turn became a subsidiary of Groupe Air France. Air Inter changed to Air France Europe following a merger with Air France and UTA. On 1 April 1997, it was absorbed into Air France. On that day, the firm ceased to exist as a legal entity within Groupe Air France.