Detroit Y1C-12 used for testing by the United States Army Air Corps
Industry
Aerospace
Founded
1922; 102 years ago (1922)
Defunct
1931 (1931)
Fate
Split
Successor
Lockheed Aircraft Company
Metalclad Airship Corporation
Headquarters
Detroit, Michigan
,
United States of America
The Detroit Aircraft Corporation was incorporated in Detroit, Michigan on July 10, 1922, as the Aircraft Development Corporation.[1] The name was changed in 1929.[2][3]
The Detroit corporation owned the entire capital stock of the Ryan Aircraft Corp., Aircraft Development Corp., Aviation Tool Co., Grosse Ile Airport, Inc., Marine Aircraft Corp., Park's Air College and Affiliated Companies, Detroit Aircraft Export Co., Gliders, Inc., and Eastman Aircraft Corp.[4] It also owned a 90% interest in the Blackburn Aeroplane and Motor Company, practically all of the capital stock of the Lockheed Aircraft Company and a 40% interest in Winton Aviation Engine Co.[5] During the Great Depression the Detroit Aircraft holding company found that rising losses from other operations were draining the company coffers. On October 27, 1931, the Detroit Aircraft Corporation went into receivership. The heavier than air portions of the company were amalgamated under Lockheed, while the lighter than air divisions were formed into a new unit called the Metalclad Airship Corporation.[6]
This company is not related to the Detroit Aircraft Company, incorporated in 2011, and developing the Vertical Takeoff electric vehicle called the MOBi. The operator will be Airspacex.[7]
^Morrow and Fritsche 1967, p.
^Morrow and Fritsche 1967, p.
^"Detroit Aircraft Corporation Formed in Nine-Firm Merger". Aviation. Vol. 26, no. 24. McGraw-Hill Publishing Company. 15 June 1929. pp. 2077–2078. Retrieved 30 June 2021.
^Morrow and Fritsche 1967, p.
^Morrow and Fritsche 1967, p.
^"Aero Unit Plans Two Divisions". Los Angeles Times. 8 October 1931. p. 15.
^"Detroit Aircraft Corp Announces New Company AirspaceX to Bring On-Demand Air Travel to the Public". PR Newswire. 27 April 2017. Retrieved 22 March 2020.
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