The company began as Zakład Remontów i Produkcji Sprzętu Lotniczego (ZRiPS, Aviation Equipment Repair and Production Works), created in 1986 by Edward Margański, and became the first privately owned aviation works in communist Poland after World War II. At first it repaired gliders. In the 1990s it undertook design work and designed gliders for Swift and MDM. The main designer was the gifted Edward Margański.
In 2001 the company started work on utility and training aircraft of composite construction and the corporate identity became E. Margański i Wspólnicy (E. Margański & Partners), a limited partnership. In 2005 the corporate identity was again revised to become a limited liability company Margański and Mysłowski Zakłady Lotnicze Sp. z o.o. In 2011 company's status has been changed to Joint-stock company and its full name has been changed to Zakłady Lotnicze Margański&Mysłowski S.A.