Air Martinique was founded in 1974 as Compagnie Antillaise d'Affretments Aériens-CAAA. The official operating name from the early 1980s was Societé Nouvelle Air Martinique (S.N.A.M.).
In 1993, Air Martinique was operating wide body McDonnell Douglas DC-10-30 transatlantic service between Fort-de-France and Pointe-a-Pitre in the French Caribbean and Paris Orly Airport.[4] By 1995, the air carrier was continuing to operate regional services in the Caribbean (using the two letter "PN" IATA airline code at this time which had replaced the two letter "NN" airline code formerly used by Air Martinique) with flights to its headquarters base at the Fort-de-France airport on Martinique from Pointe-a-Pitre, Saint Lucia, Saint Maarten, Saint Vincent and Union Island operated with ATR 42 and Dornier 228 turboprop aircraft.[5] In 1998, Air Martinique was operating Boeing 737-200 jet service to Miami.[6]
In July 2000, Air Martinique was merged with Air Guadeloupe, Air St Barthélémy and Air St Martin to form Air Caraïbes.[7]