The Red Bull Air Race series of competitions were organized from 2003-2019 in 24 countries, at 42 locations, and was watched by approximately 230 million spectators at the locations. The races were mainly held over water or near cities, but also at airports or at iconic locations such as Monument Valley in Colorado.
The first competition was part of the Zeltweg Air Power military air show in 2003, where Peter Besenyei won first place. In the same year, the second competition was held in Budapest. No races were organized between 2011-13 due to restructuring and the development and implementation of new security measures. The Air Race started again in 2014. Peter Besenyei stopped competing at the end of the 2015 season. Since then, he has been presenting his skills at air shows. Due to declining corporate interest over the years, Red Bull decided not to continue the Red Bull Air Race World Championship beyond the 2019 season. The last competition was held in Chiba, Japan.