In this article, we propose a novel method according to which joint aerial base station (ABS) assignment, three‐dimensional placement (3DP), three‐dimensional beam‐forming (3DB), and radio resource allocation are considered for multiple input single output (MISO) ABS‐based networks with orthogonal frequency division multiple access (OFDMA) technology. We aim to maximize the instantaneous data rate subject to some practical constraints. In light of the fact that our optimization problem is mixed‐integer nonlinear programming (MINLP) with high computational complexity, we propose a low complex and practical approach. Therefore, we resort to an alternate method by which the main optimization problem decomposes into three subproblems. Then we solve the resulting subproblems via linear approximation method, matching theory, and mesh adaptive direct search (MADS) algorithm. In order to shed light on our proposed approach, we decompose the proposed scenario into some cases with fewer optimization variables and compare them with our main problem. Our proposed approach boosts the instantaneous data rate compared to the decomposed cases with fewer optimization variables. Via simulation, we study the effect of various parameters like numbers of users, ABSs, and maximum transmission powers on the network performance. Finally, we analyze the network performance for suburban and urban environments considering various number of ABSs.