[1][2] Founded in the 1960s by aeronautical engineer Chris Falconar, the company created a new aircraft fabric covering process called Hipec.

By 1967, Falconar recommended a large number of changes to the design, which resulted in Jurca leaving the project.

The modified aircraft was developed as the Falconar SAL Mustang, first flown in 1971 after significant cost overruns.

In 1994 the company was dissolved following legal disputes and was reestablished in its current form as Falconar Avia Inc. in 1995.

Phil Hale of Manna Aviation bought the rights to the F-series aircraft, plus the Minihawk, 2/3 Mustang and the S14 Miranda.