Development of the AIR-2 in parasol monoplane configuration. It used fuselage, powerplant, landing gear and tail identical to the predecessor. Money for construction were provided by Osoaviakhim.

Aircraft was ready on Summer 1929. On September 6 same year pilots Filin and Kovalkov (at the time students of the VVA, as well as a designer) flew nonstop from Mineralnye Vody to Moscow covering 1835km with average speed 166.8km/h, setting another International Record for Yakovlev's aircraft.