The Halifax Aircraft Association was founded in 1994 by 6 RCAF Veterans who flew on operations in Halifax bombers during World War II. The objective of the organization was to establish a memorial in perpetuity to remind all Canadians of those who flew and those who died for the cause of freedom. Through research at the Imperial War Museum, it was discovered that a relatively intact Halifax aircraft had been located in Lake Mjosa, Norway and a decision was made to salvage the aircraft.
Through the efforts of the volunteer directors of the association, and over 5000 members and their families, over $1,000,000 was contributed over 14 years which succesfully financed the salvage and restoration of the Halifax NA337.