It opened in November 1995, to house Kermit Weeks' collection of aircraft that, until Hurricane Andrew damaged many in 1992, were housed at the Weeks Air Museum in Tamiami, Florida, On April 6, 2014, it closed to the public, aside from private events and on January 30, 2015, it opened a scaled-down museum displaying a small selection of aircraft while the facility is upgraded for a future reopening.

Waldo Wright's Flying Service offers airplane rides for sale from the Fantasy of Flight field during parts of the year and operates a Boeing PT-17 Stearman and a New Standard D-25.

The Fantasy of Flight collection contains the following aircraft, although not all are present at any given time as they may be rented out to other facilities, or flown to events, or undergoing additional maintenance or restoration.

From the lobby, guests walk into the interior of a World War II-era Douglas C-47 Skytrain complete with lighting and sound effects as if the aircraft were conducting paratrooper operations.

Guests pass a seated paratrooper in full kit and move forward toward the Jumpmaster figure standing at the open side hatch.

Then, a passage covered by heavy shrapnel-resistant curtains leads visitors into a full-scale representation of the trench warfare of World War I, complete with aircraft overhead.

The final immersion display includes the collection's Boeing B-17 Flying Fortress housed in a large darkened room staged to appear as a winter evening at RAF Horham, home of the 95th Bombardment Group (Heavy) during World War II.

Guests can enter the plane via the aft side hatch in the tail, walk through the bomb bay, visit the cockpit, and exit near the nose of the aircraft.

For years Fantasy of Flight has maintained a storage building opposite the main property on the north side of Broadway Boulevard where aircraft awaiting restoration were stored.

Fantasy of Flight guest access to the Golden Hill facility is via over-the-road trolley operated from the main parking lot in the mornings.

[6] In the summer of 2011, Kermit Weeks and a crew from Fantasy of Flight flew to Cotswold Airport in the United Kingdom to evaluate a Douglas C-47 Skytrain for possible purchase.

Due to weather delays on some legs of the trip, the journey took a total of 11 days and covered approximately 4500 miles from Kemble, UK to Oshkosh, Wisconsin.

The diner was open to the public and served a short-order menu similar to that of lunch counters popularized during the pre-World War II era.

They further announced that they would reopen to the public in late 2014 as a scaled-down museum, with reduced admission prices, while they simultaneously begin to design and build the main facility into more of a destination attraction that would appeal to a wider audience rather than just aviation aficionados.