Mr Francis said the centre would be internationally recognised "as part of the New Zealand story" and would be a reference point worldwide for aviation as well as a drawcard for Wairarapa people and the wider Wellington region.
"Along with educating and exciting Kiwi kids about flight, it will be a commercially self-sustaining social enterprise," he said.
Mr Francis believes Hood Aerodrome is an ideal venue for a National Aviation Centre which, if located along the main runway, would provide excellent viewing opportunities and would connect well with the bi-annual Wings over Wairarapa pageant.
Apart from the main exhibition space the centre would include space to be used to host visiting exhibitions and cater for conferences and conventions.
Locating part of The Vintage Aviator Ltd workshop on-site would ensure commercial viability and create an environment for visitors, he said.
"It would be huge for Masterton, absolutely huge.
"It would be a major tourist attraction and that is something we badly need."