Aircraft Investment

Aircraft Investment Corporation Ltd. was formed in July 1929 to deal in or build lighter- or heavier-than air craft, the technical advisor being Sir Henry Segrave, the well known pilot and sportsman. This group had interests also in Saunders-Roe Ltd. and Blackburn Consolidated Ltd. (founded 1929). Segrave designed the twin-engined Segrave Meteor 1, built by Saunders-Roe, known also as Saro Segrave Meteor 1, and flown in King's Cup Race 1930 by Major A. P. Holt. Segrave was killed in a Saro-built motorboat during speed record attempt in 1930, but development of Meteor 1 was continued by Blackburn.