History
One of the founders was Frederick Handley Page, the British aviation pioneer. ADC bought the entire available stock of surplus aircraft engines and spares, including 10,000 airframes and 30,000 engines, for the sum of £1,000,000 plus a share of any profits. Many ex-military aircraft were converted to various civil roles before being sold on while others were sold to military buyers.
By 1925, it had sold 2,000 airframes and 3,000 engines, generating profits of over £2,500,000, of which half was returned to the British Treasury.
The company had several sites across Britain including 11 acres (45,000 m2) of Regents Park in London known as Marylebone Green. Three of the National Aircraft Factories became part of the Aircraft Disposal Company including Aintree in Liverpool, Waddon in Croydon, and at Stockport near Manchester.
Read more about this topic: ADC Aircraft
Famous quotes containing the word history:
“In history an additional result is commonly produced by human actions beyond that which they aim at and obtainthat which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.”
—Georg Wilhelm Friedrich Hegel (17701831)
“Books of natural history aim commonly to be hasty schedules, or inventories of Gods property, by some clerk. They do not in the least teach the divine view of nature, but the popular view, or rather the popular method of studying nature, and make haste to conduct the persevering pupil only into that dilemma where the professors always dwell.”
—Henry David Thoreau (18171862)
“It takes a great deal of history to produce a little literature.”
—Henry James (18431916)