Sloane Aircraft Company Inc

1913: (John Eyre) Sloan Aeroplane Co Inc,
Company funded by Thomas A Edison.
1733 Broadway,
New York NY.
USA

In 1913 Déperdussin were manufactured under US license.

Built a military biplane with unusual back-swept wings. Believed to have built aircraft under subcontract for the U.S. government.

1916: Sloan Aero Corp

Sloan Aircraft Co,
Bound Brook NJ.
USA

On 12 May 1916, Sloane Aeroplane Co. was taken over involuntarily by the newly-formed Standard Aero Corp., which had possession of a majority of Sloane Aeroplane Co.’s shares, and Sloane’s assets became the nucleus of Standard Aero Corp.

The NY Times, 1 May 1917, revealed that John Sloane, who held 26,500 of the 50,000 shares in Sloane Manufacturing Co., had provided his shares as collateral to the Mitsui Co., the large Japanese banking conglomerate, in order to borrow funds from them to finance the manufacture of aeroplanes for the Russian government. Sloane alleged that Mitsui, rather than waiting to be repaid from the profits of this venture, transferred Sloane’s stock shares to Standard Aero Corp., which then stripped the Sloane Co. of its assets and business. Mitsui contended that after Sloane had borrowed funds from Mitsui and been unable to repay the loan, Sloane had adjusted the matter by turning over his stock in payment.

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