A/S Aero A/S Aero A/S Aero was a Norwegian airline company founded by Tancred Ibsen in January 1920. The company was financed by Tancred Ibsen's uncle, businessman Einar Bjørnson, and two shipowners. Despite the "A/S" (for private company limited by shares) in its name, A/S Aero was never formally registered as a limited company. The company purchased one Hansa Brandenburg W.29 and four Friedrichshafen FF.49 aircraft from Germany in February. This deal was probably illegal as the Entente prohibited the export of German surplus aircraft, but Ibsen nevertheless got permission from the Norwegian Ministry of Defence to import the five German aircraft.
Aero Lloyd Paris in France, and Zurich in Switzerland with the newly acquired aircraft. However, by 1992, Aero Lloyd dropped scheduled operations after realising it was not a good move for the airline. The airline ceased operations at 06:00 local time on 16 October 2003 after shareholders refused to continue funding the airline. The collapse left 4,000 passengers stuck at German airports and 4,500 stuck overseas. Its assets were acquired by Aero Lloyd founder, Bogomir Gradisnik. Under the management of Gradisnik's associate, Miso Aksmanovic, the company was reshaped into a smaller charter operation named Aero Flight which was established in March 2004