Founded in 1977 as "Aripile Bacău", "the yellow and blues" are known as the team of the city's aeronautical manufacturing company. After the fall of communism, the country has undergone a series administrative changes, and in the early 1990s the company changed its name to Aerostar, a name which was also adopted by the football club. During the 1993–94 season, the club encountered serious financial problems that led to the exclusion from the Divizia C championship and bankruptcy. In the summer of 1995, the side was refounded with the same name of Aerostar Bacău and enrolled in the fourth division.