It was third handmade formula car created by czech driver and constructor Vaclav Lim. Avia AE2 was his car for Cup of Peace and Friendship and Czech Formula Easter championship from 1978 for 1983 years. It had 1300 Lada engine and 4-speed Wartburg gearbox.

It was champion car for 1979 and 1980 seasons in czech championship and 1979 season for Cup of Peace and Friendship. Since 1982 season Lim start to use new his construction - Avia AE3. AE2 was sold for czech driver Adolf Fesarek who used it for mountain racing. Today it's owned by Adam Klus.

It had two modification - 1300 for 1987 year and 1600 from 1987 to 1997. Today it have 1300 engine.

This modification is AF87 with 1600 engine by Adolf Fesarek.