[2] They introduced relatively inexpensive, compact, and sporty aircraft in an era of large, maintenance intensive, open-cockpit biplanes, and the Monocoupe series was one of the first economical, closed-cabin, two-seat, light aircraft in the United States.

[2] Central States Airplane Company was established in 1927 to build Don Luscombe's Monocoupe.

In July 1934, the two companies joined under the newly formed Lambert Aircraft Corporation with Monocoupe continuing to operate under its own name.

The company was dissolved in 1940 and its assets passed to the Monocoupe Aeroplane and Engine Corporation of Orlando, Florida.

Aircraft production halted during World War II, resuming briefly in 1948-1950 under the name Monocoupe Airplane and Engine Corporation.