Air Carnival was established in 2013 in New Delhi and has been functioning as a charter service since then. The airline received its No Objection Certificate (NOC) from the Ministry of Aviation in June 2014 and plans to begin domestic services in the southern region of India.
The founder is S. I. Nathan, who is a well-known educationist and the Chairman of the CMC group based in Tamil Nadu. The group runs educational institutions that offer professional courses in the marine and aeronautical specialties. The carrier plans to have a fleet base of ATR aircraft for the short-haul flights with which it would be starting its domestic foray.
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