The Museum was established in 1999 by Sydney businessman Mr David Lowy AM, an Australian Aerobatic Champion and airshow pilot.
The Museum's policies, planning and priorities are set by a four member Governing Committee, with operations and activities under the control of the Museum Chief Executive Mr Kenny Love, reporting to the Governing Committee.
Flying Displays of the Museum's aircraft are conducted by the Temora Historic Flight Club (THFC) which is a separate entity from the Museum. All flight operations are under the control and direction of the THFC Director of Flying Operations.
The Museum is a non-profit organisation which receives its funding through private donations".