In 1929 the Club purchased a De Havilland Gypsy Moth as its first aircraft, this was paid for by the President and christened "The Quorn". Its registration was G-AAIF. They also found and rented a 20-acre field (later extended to 43 acres), known as Carts Field at Desford. This was particularly suitable, as it had already been designated as an emergency landing field in the previous war.

By September 1929 the Club was advertising its "Great Air Pageant" at Desford with RAF fighter aircraft giving "Thrilling displays". This was held in front of a crowd of 30,000 spectators and started with the official opening of the airfield.

The local company of En-Tout-Cas made a huge old hen house on the site into a decent clubhouse with a verandah, ideally suited to taking tea on warm summer evenings. The Prince of Wales (later Duke of Windsor), in later years was often to be seen taking tea on the clubhouse verandah, according to Harry Purt, interviewed in 1979. Sir Sefton Brancker, the Director of Civil Aviation in Britain, opened the clubhouse on 21st April 1931. He became a good friend of the Club and was often seen at flying meetings there, unfortunately he was later killed in the airship R 101 disaster.

A second Air Display was held at Easter in 1930, but heavy snow on Easter Saturday meant it being put off until Easter Monday.

On October 1st 1930, the Club became a Limited Company.

The President had bought the first Club aircraft, "The Quorn", a Gypsy Moth for £595 and he now persuaded three of his friends to buy the Club another similar plane, which was G-AAJM and was called "The Fernie". From the Clubs profits in its third year at Desford it purchased a third Moth, G-AAUH, "The Foxhound". Lindsay Everard bought himself a De Havilland "Puss Moth" and employed a personal pilot, this was a four seater with enclosed cabin, and he allowed the club full use of the aircraft whenever he was not using it. This was G-AAXM, known as "The Leicestershire"

In 1930 Mr. Lindsay Everard built his own private airfield at his home, Ratcliffe Hall, to the north of Leicester. At 45 acres it was bigger than Desford and was equipped for night flying as well, naturally much used by club aircraft, for Everard was always extremely generous to the Club. Amy Johnson, a very famous lady pilot, newly returned from an epic solo flight to Australia opened his field on September 30th. Everard soon employed another lady pilot, Winifred Spooner, as his personal pilot. She was a regular air racer and had recently made a record-breaking flight.