Aviation Corporation Stock Certificates #103417

Currency:USD Category:Aviation Start Price:75.00 USD Estimated At:150.00 - 300.00 USD
Aviation Corporation Stock Certificates  #103417
75.00USDto a********o+ (18.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 Dec 06 @ 14:24UTC-8 : PST
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Lot of 7. Six different varieties. Five feature a vignette of an eagle perched on a shield with the map of the US on its face. Multiple different border colors. Issued 1946 (x2), 1947 (x2), and one Specimen. All cancelled. The other two stocks include a Fractional Warrant for 1/3 share (1939) and an unissued stock for the later company, Avco Corp. 1983. The Aviation Corporation was formed on March 2, 1929 to prevent a takeover of CAM-24 airmail service operator Embry-Riddle Company by Clement Melville Keys, who planned on buying Curtiss aircraft rather than Sherman Fairchild's. With capital from Fairchild, George Hann, the Lehman Brothers, and W. A. Harriman, the holding company began acquiring small airlines. By the end of 1929, it had acquired interests in over 90 aviation-related companies. In January 1930, the board broke off the airlines into Colonial and Universal Air Lines. Universal Air Lines name was changed to American Airways, and later merged with Colonial to form American Airlines. Became Avco in the 1950s, eventually bought by Textron. State: Connecticut City: Greenwich Date: 1939-1983