History
Astraeus Airlines commenced charter operations in 2002 with Boeing 737 aircraft and also operated under the Flystar brand for a short time. After establishing itself as a reliable charter carrier to UK leisure tour operators for both summer and winter seasons, the fleet was extended in 2004 to include Boeing 757 aircraft. By 2008 the fleet had grown to two Boeing 737-300s, two Boeing 737-700s and five Boeing 757-200s.
As of 2009, Astraeus Airlines is now the only airline charter company which remained based at London Gatwick Airport, and grew its fleet, adding a Boeing 737-500 and 737-700.
Astraeus was a 100% owned subsidiary of Eignarhaldsfelagid Fengur hf, an Icelandic based travel group that also owns Iceland Express in Iceland.
The airline ended operations on 21 November 2011 and entered Administration. The airline cited a lack of contracts for the winter of 2011 and some "extremely bad luck" with technical issues as reasons for ending operations.
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