Day left the company in April 1928, and Charles L. Augur became its new president.[1] With more stable finances, the company changed its name to the New Standard Aircraft Company on December 29, 1928.[1][3] The company at one time considered merging with six other, unnamed aviation firms to form a much larger manufacturing concern,[4] but this plan was never acted on. The company continued to develop a large line of aircraft, but the onset of the
Great Depression left it significantly weakened.[1] Day returned to the firm as president in 1930, but sold his financial interest in the company in the spring of 1931.[1][2][5] The company went bankrupt later that year.[1]
Despondent over the collapse of his company, Gates committed suicide on November 24, 1932.[6]
Aircraft developed
Gates-Day GD-24 – precursor to New Standard D series; three were built
New Standard D-24 – production version of GD-24; four were built and two were converted from GD-24s
New Standard D-29A – production aircraft with 100 hp
Kinner K-5
New Standard NT-1 – Six New Standard D-29As supplied to the
United States Navy as the NT-1 trainer in 1930.[8]
New Standard D-29 Special – D-29A with
Menasco B-4.
New Standard D-29 S – Sport version with coupe cockpit (also known as D-25C).
New Standard D-30 – floatplane modified D-25
New Standard D-31 Special – D-29A with
Kinner B-5.
New Standard D-32 Special – 3 seater D-29A with
Wright J-6.
New Standard D-33 Special – 3 seater D-29A with Kinner B-5.
References
^
abcdefghiPattillo, Donald M. A History in the Making: 80 Turbulent Years in the American General Aviation Industry. New York: McGraw-Hill, 1998, pp. 12-13.
^
abXu, Guangqiu. War Wings: The United States and Chinese Military Aviation, 1929–1949. Westport, Conn.: Greenwood Press, 2001, p. 75-76.
^Mondey, David. The Complete Illustrated Encyclopedia of the World's Aircraft. New York: A & W Publishers, 1978, p. 237.
^"6 Aircraft Companies Plan $5,000,000 Fusion." New York Times. December 21, 1929.
^"Flying Couple Back From World Trip." New York Times. December 21, 1931.
^"Gates, Stunt Flier, Ends Life By Leap." New York Times. November 25, 1932.
^The designation NT-2 does not refer to the NT-1 version of the New Standard D-29 but to two New Standard D-25s captured from smugglers and used by the
United States Coast Guard. See: Swanborough, Gordon and Bowers, Peter M. United States Navy Aircraft Since 1911. 2nd ed. London: Putnam, 1976, p. 456.
^Swanborough, Gordon and Bowers, Peter M. United States Navy Aircraft Since 1911. 2nd ed. London: Putnam, 1976, p. 456.