High Quality Content by WIKIPEDIA articles! The Vultee Aircraft Corporation became an independent company in 1939 and had limited success before merging with the Consolidated Aircraft Corporation in 1943 to form the Consolidated Vultee Aircraft Corporation, or Convair. Gerard "Jerry" Vultee (1900-1938) and Vance Breese (1904-1973) started Airplane Development Corporation in early 1932 after American Airlines showed great interest in their six-passenger V-1 design. Soon after, Errett Lobban (E.L.) Cord bought all 500 shares of stock in the company and Airplane Development Corporation became a Cord subsidiary.

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