Clement Melville Keys

Clement Melville Keys (1876-1952) who as a financier was involved with founding of aviation companies Curtiss-Wright, China National Aviation Corporation, North American Aviation and TWA.

Keys was born in the small town of Chatsworth, Ontario, Canada and attended the University of Toronto and taught classics there before becoming a reporter for the Wall Street Journal in 1901 where he became railroad editor, then moving on to become the financial editor of the monthly journal World's Work. He formed an investment counseling firm C.M. Keys & Co. in 1911.

In 1916 he became an unpaid vice president for Curtiss Aeroplane and Motor Company and assumed controlling interest of the financially troubled company in 1920. The company merged with Wright Aeronautical in 1929 to form Curtiss-Wright and he was the new company's president.

In June of 1929, Keys personally bought all shares of Pitcairn Aviation for 2.5 million dollars, and resold them two weeks later to North American Aviation, which was renamed to Eastern Air Transport, and finally Eastern Airlines.^[1]

In addition Keys was head of 26 other aviation companies including North American Aviation, China National Aviation Corporation, and Transcontinental Air Transport (which was to become TWA).

In 1932 he withdrew from the aviation business citing health reasons but continued to maintain his investment business. In 1942 he went back to the aviation business establishing the C.M. Keys Aircraft Service Company and after WWII helped organize the Peruvian International Airways in 1947.^[2]

References

1. ^ F. Robert Van der Linden. Airlines and air mail: the post office and the birth of the commercial. 
2. ^ Aviation History - July '07 article on TAT

External links

• Biography

Persondata
Name	Keys, Clement
Alternative names
Short description
Date of birth	1876
Place of birth
Date of death	1952
Place of death