Air Sweden (1991–1993)
Air Sweden, also known as Time Air Sweden was a short-lived airline from Sweden, which was operational between 1991 and 1993. 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. Parts of the airline was used to form West Air Sweden, namely the single IAI Westwind left after the crash of the first one. 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. 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.
Fleet
| Aircraft | Number of aircraft | In Service | Notes |
| Boeing 737-200 | Two former Braathens aircraft. Names: Norwegian Rainbow and Irish Rainbow. SE-DKH unnamed. | ||
| Boeing 737-300 | SE-DLG named Alabama Rainbow. SE-DPN and SE-DPO unnamed. | ||
| Douglas DC-8-71 | SE-DLH, unnamed. | ||
| Douglas DC-8-71F | SE-DLM, named Italian Rainbow. | ||
| Douglas DC-8-73 | F-GDRM, named Texas Rainbow. Leased from AOM French Airlines. | ||
| IAI Westwind | SE-DLK crashed at Umeå Airport in 1992. SE-DLL was transferred to West Air Sweden when Air Sweden went bankrupt. | ||
| Lockheed L-1011-100 | SE-DPR. SE-DPP never delivered. | ||
| Total |