IIAE was started in year 1992 in Dehradun (Uttarakhand). In year 1992 at 215/1, Kalidas Road, Dehradun, from year 1995 to 2006 at 179- Kalidas Road. Currently, it is situated adjacent to Jolly Grant Airport (class rooms are ready partially& under operation). Hostels and other buildings are under construction and operational. Indian Institute of Aeronautical Engineering is registered with office of Sub Registrar; Government of India, New Delhi vide no. 488770 under Indian Registration Act 1908.

IIAE is promoted and founded by Dr. Mahendra Kumar, Chartered Engineer, Life Member of Institution of Engineers (India) M.I.E, Ph.D. (Work Base), Life Member of Aeronautical Society of India (LMAeSI), Fellow of the Institution of Automotive Engineers (FIAE), Life Member of Indian Institute of Industrial Engineering (MIIIE), Life Member of the Institution of Mechanical Engineer (LMIMI), Senior Member of American Institute of Aeronautics and Astronautics (SMAIAA), M.C.S.I(Canada), M.C.I.M (UK) and MI.C.D.E. (Norway). Winner of Rastriya Samman Puraskar, Pride of India Award, Samaj Sree Award, Best Citizen of India Award, Arch of Education Award, Glory of India Award, Marusthan Medal and Long Service Medal.

IIAE impart academic preparation through conduct of regular theoretical classes and practical training at its own campus located adjacent to Jolly Grant International Airport, Dehradun.