The Eaglet 31 was a United States two-seat tandem ultra-light high-winged monoplane of the early 1930s. Intended as a low-cost aircraft, its limited production run relegated it to a footnote in aviation history. The American Eagle Aircraft Corporation found that demand for their A-129 biplane and their other models was badly affected by the Wall Street stockmarket crash of late 1929 which ushered in the Great Depression. The small ultra-light, tandem two-seat Eaglet was therefore designed by company president, Edward E. Porterfield, to appeal to pilots with more modest pockets. Porterfield set a realistic goal of manufacturing an aircraft for $1,000. The first advertised price was $995.00. The first model was the 1930 Eaglet 230, initially powered by the 25 h.p. Cleone engine that flew on June 30, 1930. The engine was so underpowered that only solo flights were possible. Most later Eaglet 230s featured a 30 h.p. "Zeke" Szekely three-cylinder radial engine. Further experimentation led to fitting a Franklin engine and 60 h.p. Velie. A 40 h.p. Salmson engine was tried but proved to be too expensive to incorporate into the proposed production line. The Szekely eventually ran reliably as an overhead valve 45 h.p. version. The single Model A-31 of 1931 was fitted with the more powerful Continental A-50 of 50 h.p., and was followed by 13 Model B-31 and B-32 powered by the 45 h.p. Szekely SR-3. The bulk of these examples were produced after the American Eagle company declared bankruptcy and was absorbed by Lincoln Aircraft in May 1931 and reformed as the American Eagle Lincoln Page Aircraft Corporation. The venture was short-lived with the factory closing in 1931. Production rights to the Eaglet later went to American Eaglecraft who produced three examples from 1940–1947 and rebuilt further aircraft of this design. Variants Eaglet 230 (Specifications below) 30 h.p. Szekely SR-3; Eaglet 231 40 h.p. Salmson AD-9 (2 modified from model 230); Eaglet A-31 50 h.p. Continental A-50; Eaglet B-31 & B-32 45 h.p. Szekely SR-3; (B-32 had minor control modifications)
