[1] Oilman Jacob Mollendick and Buick-Franklin salesman William A. Burke each contributed $15,000.

[2] The first Swallow designed by Buck Weaver and was test flown in April 1920.

Later, in 1921, the company moved into a new factory building on North Hillside Street.

In late 1927, owner Mollendick bet most of the company fortune on a record setting aircraft flown by noted aviator William Portwood Erwin, the Dallas Spirit, which was lost on a record attempt to Asia concurrent with the Dole Air Race.

[6][7] Swallow was sold again in 1933 to E. B. Christopher – who would be killed in the crash of one of the company's airplanes in 1937.