USA - Detroit Aircraft Corp. - 1931 - Dutch certificate for 10 common shares

Description

USA - Detroit Aircraft Corp. - 1931 - Dutch certificate for 10 common shares
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.
Issuer:
Detroit Aircraft Corp.
Type : Dutch ceritificate for 10 common shares
Nominal: -
Country : Netherlands
Place :
Amsterdam
Issue date : 1931
Cancelled: No
Coupons : Yes
Quality : VF, unfolded
(see photo)
Shipment Worldwide
Europe
USA
China
Russia
< 100 grams
6,00
6,00
6,00
6,00
100 - 350 grams
12,00
12,00
12,00
12,00
>350 grams
18,00
20,00
20,00
20,00
I will combine wins in one shipment to save shipment cost. However if the total wins exceeds 100 grams additional shipments cost are added.
Shipment will be done in a strong envelope with hardboard cover. Amounts above USD 200 require to be send by registered mail at an additional cost.
Winning bidder to pay by PayPal. Other payment methods may be accepted upon request. Please note that I am located in the Netherlands.