Operated by TAM Mercosur, formed in 1996 by the merger of Aerolineas Paraguayas (a subsidiary of TAM) and LAPSA Paraguay to operate regional services. In 2008 the airline was rebranded TAM Paraguay, later operating under the LATAM brand. ZP-CAD previously flew for Aerolineas Paraguayas and was sold as PR-MAU in December 1997.