 SOKO was created during 1950 by the relocation of the aircraft factory section of Ikarus company from Zemun, SR Serbia.Officially founded as "Preduzeće Soko" (Soko corporation, "Soko" meaning "Falcon" in Serbian), soon after it will be renamed to "Soko Vazduhoplovna Industrija, RO Vazduhoplovstvo" (Soko aeronautical industry, RO aeronautics).Its first director was Yugoslav People's Army colonel Ivan Sert.