The company was established in about 1988 to place the Gulfstream American AA-5B Tiger back in production.
American General actually carried out a redesign of the Tiger, introducing many improvements over the older AA-5B, including a new split nose bowl that could be removed without removing the propeller, a new instrument panel, improved exterior lighting, a new fuel indication system, a 28 volt electrical system replacing the previous 12 volt system, a new style throttle quadrant and improvements to the heat and ventilation systems.
The newly redesigned aircraft was well received by the civil aviation community.
Many aircraft reviewers at that time wrote that the AG-5B was an evolutionary improvement over the previous production AA-5B Tigers and a worthy successor.
The final year of production was 1992 when 24 were produced before the company closed its doors.