History
In January 1920, the E.M. Laird Aviation Co. Ltd. was started with the purchase of the six month old Wichita Aircraft Company, its aircraft and the factory of the Watkins Manufacturing Company. Oilman Jacob Mollendick and Buick-Franklin salesman W.A. Burke each contributed $15,000. The first Swallow designed by Buck Weaver and was test flown in April 1920. Laird hired several aviators that became prominent in the business later, Buck Weaver who would co-found Waco Aircraft, Walter Beech, and Lloyd Stearman who would develop the Swallow New Swallow. Following the departure of Emil Matthew Laird in 1923 and his formation of the E. M. Laird Airplane Company, the company was renamed as the Swallow Airplane Mfg Co.
Swallow was notable for producing the Swallow TP in quite large numbers, for its day. A large proportion of pilots trained in the late 1920s and early '30s did so on the TP. In late 1927, owner Mollendick bet most of the company fortune on a record setting aircraft, the Dallas Spirit which was lost on a record attempt to Asia concurrent with the Dole Air Race. Company assets were sold to Victor Roos.
Read more about this topic: Swallow Airplane Company
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