Designed by Luigi Pellarini who also designed the Transavia Airtruck amongst others. The aircraft was first flown in February 1961 however development was suspended in April 1961 in favour of the Airtourer. Dismantled and stored, initially at the Victa factory at Milperra and later for many years at Bankstown, in 2017 it was gifted to HARS for restoration and display.

Designed by Luigi Pellarini, the R2 was an all-metal four-seater with an American flat-four engine. The low wing had a single strut to the fuselage and a reduction in dihedral mid span. The tailplane was mounted on top of the fin and projected well ahead of it. The tailplane leading edge was swept. The tricycle undercarriage was retractable. Victa was going to build the R2 along side the Airtourer. But the project was abandoned two months after its first flight in February 1961.Now displayed at HARS, Wollongong. In 1970 it was stored in the back of a hangar at Bankstown.