The Velie Monocoupe was a wooden framed, doped fabric-covered monoplane, seating two people side-by-side in an enclosed cabin (hence the name).

Conceived by pilot/businessman Don A. Luscombe, who developed a mock-up in 1926, and developed into a flying airplane by farmer-turned-plane-designer Clayton Folkerts—first produced by Central States Aircraft Corp in Davenport, Iowa—the little plane was a revolution in personal aviation: small, relatively inexpensive, quick and efficient (70-80 mph on just 55 horsepower), and with an enclosed cockpit (protected from the weather) for two people.

In an era of big, costly, lumbering, open-cockpit biplanes, the Monocoupe was like a flying sports car coupe.

[2] Upon W. L. Velie's death, his son had planned to continue production of the aircraft but he died within months of his father.

The company producing the Monocoupe line changed ownership and location several times from 1926 to the early 1950s.