American Eagle Aircraft Corporation

The American Eagle Aircraft Corporation was started in 1925 in Kansas City, Kansas by Edward E. Porterfield. It was incorporated in Delaware in September 1928.{{cite news |title=The Day's New Investments |url=http://www.newspapers.com/newspage/57573460 |access-date=8 December 2020 |work=Brooklyn Daily Eagle |date=23 October 1928 |page=23}}{{cite news |title=15,000 Shares of American Eagle Aircraft Corporation of Delaware Capital Stock |url=http://www.newspapers.com/newspage/655427989 |access-date=8 December 2020 |work=Kansas City Star |date=30 October 1928 |page=22}}

Porterfield was running a flying school at the Fairfax Airport outside Kansas City. He had been operating Jennies and Lincoln Standard biplane trainers, and felt the need for a more suitable and better-performing trainer aircraft. He consulted with several aeronautical engineers of the period, including Bellanca, and soon launched the production of several light single-engine two-seat high-wing and biplane aircraft. In July 1929, it purchased the Wallace Aircraft Company.{{cite news |title=American Eagle Aircraft Takes Expansion Step |url=http://www.newspapers.com/newspage/385491937 |access-date=15 December 2020 |work=Los Angeles Times |date=21 July 1929 |page=8}} By June 1930, J. Carroll Cone – along with his assistant Joseph A. Young – had joined the company as vice president of sales.{{cite news |last1=Hinton |first1=Gene |title=Air Views |url=http://www.newspapers.com/newspage/397778816 |access-date=15 December 2020 |work=Atlanta Constitution |date=18 June 1930 |page=3}}

Late in 1929, the worldwide stock market crash severely depressed the sale of non-essential items such as sport airplanes, although American Eagle continued producing airplanes until 1931. Early in that year, Porterfield's company declared bankruptcy and halted production.{{cite news |title=Asks a New Receiver |url=http://www.newspapers.com/newspage/655453294 |access-date=12 December 2020 |work=Kansas City Star |date=18 March 1931 |page=2}} On 14 May 1931, the company's assets were purchased by the Lincoln Aircraft Company of Lincoln, Nebraska, which became the American Eagle-Lincoln Aircraft Corporation.{{cite news |title=Aircraft Jobs for 70 |url=http://www.newspapers.com/newspage/655450369 |access-date=15 December 2020 |work=Kansas City Times |date=14 May 1931 |page=6}} To satisfy concerns about potential competition if he were to found his own aircraft manufacturer, Porterfield signed a contract with the new company to stay on as aircraft sales representative for two months.{{cite news |title=E. E. Porterfield, Jr., Quits |url=https://www.newspapers.com/newspage/655485656 |access-date=14 December 2020 |work=Kansas City Star |date=16 July 1931 |page=5}}

Following the expiration of his contract, Porterfield left the company in July 1931. He would later go on to form the Porterfield Aircraft Corporation, and died of a heart attack in 1948. Victor Roos, already president of the Lincoln Aircraft Company, continued as president of the American Eagle-Lincoln Aircraft Corporation. Most of the new company's effort went into producing the Eaglet, but the depth of the Depression soon killed this effort. However, it did not stop the company from considering investing in a new factory in Florida.{{cite news |title=Plane Builder May Establish Factory Here |url=http://www.newspapers.com/newspage/332405193 |access-date=15 December 2020 |work=Tampa Morning Tribune |date=9 December 1931 |pages=1, 3}}

During the six years of its existence, the American Eagle company (including its merged existence with Lincoln) produced over 700 airplanes. At the time of the Depression it was the world's third-largest aircraft production company.

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• [http://www.aerofiles.com/_amereagle.html A detailed listing of company history and aircraft models]

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Category:Defunct aircraft manufacturers of the United States

Category:Companies based in Kansas

Category:1925 establishments in Kansas

Category:Defunct manufacturing companies based in Kansas