Second merger Hoover Field

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hoover field , washington airport both suffered significant financial setbacks during great depression. in 1933, both airports merged after series of quick financial transactions.


washington airport first sold, , buyers ludingtons. nicholas s. ludington , brother, charles townsend ludington, co-owners of philadelphia flying service, pilot training school , demonstration airplane manufacturer established in 1922. ludingtons became quite wealthy, , in 1929 charles on board of directors of aviation corporation—an aviation investment company in of richest men in shipping, railroads, , investment banking had put money. brothers managers of camden airport, near philadelphia. in june 1930, ludingtons founded new york-philadelphia-washington airways (soon renamed ludington airline), eastern seaboard airline famous aviator amelia earhart joined vice president. ludingtons sold airline eastern air transport in february 1933, , eastern air transport in turn acquired north american aviation month later. these transactions left ludingtons plenty of cash. on july 8, 1933, federal aviation put washington airport auction. d.c. attorney h. rozier dulany, jr. (son of famous virginia horse breeder) held $255,000 first mortgage against property , ludingtons held $160,000 second mortgage, payments on washington airport unable make. north american aviation (owner of ludington s newly sold airline) passed on chance buy property. @ auction on july 17, 1933, unidentified buyer purchased washington airport $432,000.


hoover field sold days later. new standard aircraft co. had been unable make payments on hoover field s mortgages july 1933. ludingtons owned $155,442 first mortgage on hoover field, while william morgan (a d.c. physician) held second mortgage worth $9,500. hoover field auction set july 31. @ auction, ludingtons bought hoover field $174,500.


the evening after hoover field auction, secret buyer of washington airport emerged: national airport corporation, division of national aviation corporation. national aviation corporation, aviation investment corporation, had been formed in july 1928. unknown in aviation circles, owned 1 airport near nation s capital. twenty-four hours later, national aviation purchased hoover field ludingtons undisclosed sum.


the 2 airfields merged new airport named washington-hoover airport. opened on august 2, 1933, , closed public when washington national airport opened on june 16, 1941. remained open private field small aircraft, closed on september 16, 1941, when united states department of war purchased washington-hoover airport $1 million construct pentagon.








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