On October 7, 2005, Viva International, an aviation holding company, issued an irrevocable Letter of Intent to Purchase RegionsAir for an undisclosed sum, but nothing ever became of the LOI.
In March, 2007 the Federal Aviation Administration (FAA) grounded the airline, saying there had been problems with the airline's training and certification program.[4][5]
On March 2, 2007, the local Airline's FSDO office, FAA officials in DC, and the airline got into a disagreement over wording in the airline's training manuals. The airline voluntarily ceased scheduled operations until the items could be clarified. FAA officials found no discrepancies when they went over all pilots records. In the end, about 35 of the airline's flights were canceled that Saturday.[7][8]
On March 8, 2007, at 4:36pm the FAA again grounded RegionsAir due to discrepancies in the airline's training procedures for line-check airmen. As a result of this second grounding within one week, several regional airports serviced by RegionsAir announced intentions to replace the airline with other regional carriers.