The American Blimp Corporation was founded in 1987, and in the following year commenced construction and development of the prototype Lightship A-50. In 1989 Virgin Lightships Inc a subsidiary of the Virgin Group of Companies, was formed as an airship operator and placed an order for four examples in 1990.
The Falcon was designed in the United States and produced by American Aircraft Inc of Albuquerque, New Mexico and produced in single and two-seat variants.