It was founded by Air Engiadina who owned 49% of the airline, the other 51% being owned by Dietmar Leitgeb, president and chief executive of Air Engiadina.
Изначально 49 % акций Air Alps принадлежали компании Air Engiadina, а 51 % — лично президенту и генеральному директору Air Engiadina Дитмару Ляйтгебу.