The organization was founded in 1994 by Karl Kjarsgaard, a Canadian former Air Canada pilot, and Ian Foster of Scotland. In 1995 they participated in their first recovery project, that of Halifax NA337 from 750 feet underwater in Lake Mjøsa, Norway. The aircraft was moved to the National Air Force Museum of Canada in Trenton, Ontario where it was unveiled in 2005 after a full restoration. Their second project was the 1997 recovery of Halifax LW682 from a bog near Geraardsbergen, Belgium. During the recovery, the bodies of three crew members were removed and given a proper burial. Several parts of the aircraft were used in the restoration of NA337, and the airframe was melted down and later used to construct the RAF Bomber Command Memorial in London, which was unveiled in 2012.