In January 2022, Ultra Air became the first airline to receive a mega-investment qualification from the Ministry of Commerce, Industry and Tourism, which grants tax incentives to companies that meet certain criteria such as creating a certain amount of new jobs (Ultra Air having created 22,000), and investing a certain amount (Ultra Air having planned to invest USD $30 million throughout the subsequent five years).[5]
On 29 March 2023, Ultra Air announced that it would suspend operations effective 30 March at 12:00 a.m. local time.
Destinations
As of March 2023, Ultra Air flew to the following destinations:[6]