Designed to bring together arts, aviation and the culinary arts, the venue hosts the Michelin-starred restaurant Ikarus,[1] two bars and a lounge alongside a collection of historical airplances, helicopters, Formula One racing cars, and more in rotating exhibitions.

[3][4] The Flying Bulls continues to be based at Hangar-7, and regular mainteneance on the collection takes place at "Hangar 8".

[5] Hangar-7 hosts regular Red Bull affiliated events, including "Paper Wings", an event for folded paper airplanes,[6] and films the live weekly talk show, "Sport und Talk aus dem Hangar-7" for ServusTV at the venue.

The building is airfoil shaped, constructed of 1,200 tons of steel and 75,000 sqft of glass surface.

The steel-and-glass dome-shaped structure was engineered and built by Austrian specialists Waagner-Biro and completed in 2003.