 Clement M. Keys formed North American Aviation in early 1925, for the express purpose of providing organization, finance and inspiration for the development of a large network of airlines, manufacturers and other aviation services, each nurturing the other.Keys contacted Carl B., Fritsche, general manager of the Aircraft Development Corporation of Detroit, with the idea of creating an airline to link Chicago with Detroit and New York City.To insure a sound base for operations, Keys proposed an initial subscribed share capital of $2 million, many times that of other early airlines.