The Balloon Museum is the proud home of the FAI Hall of Fame, honoring balloon pilots from around the world, both contemporary and historically. Each year the Fédération Aéronautique Internationale (FAI) elects two inductees to the Hall of Fame – one living and one posthumous – who have made significant contributions to Aerostation. The induction ceremony occurs at the Balloon Museum during a private event on the eve of Balloon Fiesta.