The airline was established as LBF-Eda Varken in 1955 operating taxi flights; it was renamed to Abal Air in 1982 and thereafter to Time Air Sweden in 1990.[1]The airline was set up as a charter airline as the airline market in Sweden was not deregulated at the time being. The airline operated cargo flights with its single Douglas DC-8-71F on the route Ostend-Stockholm-Delhi.[2] Parts of the airline was used to form West Air Sweden, namely the single IAI Westwind left after the crash of the first one.[3] There is no connection to the nowadays Air Sweden. The airlines was owned by the Swedish businessman Thomas Johansson, the former owner of Transwede with the main creditor being GE Capital.[4] When GE Capital canceled the credits for the airline in 1993 it went bankrupt. This was due to the high losses related to the economic downturn in Sweden as well as the purchase of the TriStars.