The company offered flights from London Gatwick, Exeter, Manchester, Newcastle and Glasgow International and is sister company of Custom Tours, a specialist accommodation-only company.
Plymouth-based Custom Flights sold to other ATOL holders and direct to the public.
A statement on the website from the company's managing director Jeremy Hart confirmed the company is no longer trading and thanked customers for their support.
Liquidators Alexander, Lawson, Jacobs have been appointed.
Agents who had customers booked to travel with Custom Flights should contact the Civil Aviation Authority.
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