Detroit Aircraft Corporation
The Detroit Aircraft Corporation was incorporated in Detroit, Michigan on July 10, 1922, as the Aircraft Development Corporation. The name was changed in 1929. 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. 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. 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. 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. Subsidiaries. Ryan Aircraft Corporation: Incorporated into Detroit Aircraft  on July 5, 1929, Ryan Aircraft acquired the assets and business of the Mahoney-Ryan Aircraft Corporation, the successor to Ryan Air Lines. Ryan Aircraft manufactured four and six-place cabin monoplanes at their St. Louis facility, adjacent to the municipal airport. The Detroit Aircraft Corporation owned Ryan Aircraft's entire capital stock. Aircraft Development Corporation: was incorporated on July 12, 1929 in Michigan to take over and continue development and construction of "metal-clad" airships for commercial, military and naval uses. Company held patents covering design and construction of "Metalclad" rigid airships and airship mooring towers. The first "Metalclad