Page 32 - October 2018
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Jacobs looked at the possibility for training new          The military in Bogota, Columbia were interested in
        helicopter pilots and approached Associated Helicopters    using Jaycopter training aids at their helicopter
        at the airport with his novel idea for the Jaycopter. He   training school.  The company changed from
        felt that his invention would help in reducing helicopter
                                                                   Jaycopters Recreation Ltd. to Jaycopter Corporation
        training costs as it duplicated the movements of a real
                                                                   Ltd. in December 1966.  It was taking much longer to
        helicopter with its sensitive controls and aerodynamic
        features.                                                  achieve profitability than planned.  The company had
                                                                   developed five different models of the Jaycopter.
        Chief Pilot Telleff Vassjo took Leo Jacobs up in a Bell 47G-
                                                                   Sales were slow over the next few years with a
        2 helicopter in April 1959.  During the introduction
        training flight Vassjo found that he did not have to take   Jaycopter trainer going to Argentina and the US Navy
        over control of the helicopter from Jacobs during the      by 1969.  One recreational 8-passenger Jaycopter was
        whole flight.                                              sold.  There was hope for new increased sales of the
                                                                   Jaycopter but that was not to be.
        By 1962 a recreational Jaycopter was on display at the
        Edmonton Exhibition, and later at the Pacific National     Company sales remained flat into the early 1970s.
        Exhibition in Vancouver, BC.  Soon additional 8-passenger  Jaycopter Corporation Ltd. sales for the Captive
        carrying Jaycopters were being manufactured by Jacobs.     Helicopter Training Devices, the Amusement Rides,
        This new ride had terrific potential in both comfort and   and Coin Operated Copters were bleak.  The company
        safety.  Cost was about $62,000 for a partially completed
                                                                   was not in good financial shape.
        recreational Jaycopter.
                                                                   On September 27, 1973 the company informed
                                                                   shareholders that the financial position of the

                                                                   Company was very poor and it was not able to meet
                                                                   trade accounts and loans owing.  They could not
                                                                   justify incurring further expenses.  Jaycopter
                                                                   Corporation Ltd. was now dormant with no
                                                                   employees. The assets of Jaycopters were put up for
                                                                   sale. The company had been in business for 15 plus
                                                                   years. Jaycopter Corporation Ltd., due to
                                                                   circumstances beyond their control, had a good run

                                                                   for their money and should be proud of their
        In August 1963, an agreement was signed to place a 16-     achievements.
        passenger Jaycopter at the New York World’s Fair in the
        USA during 1964 and 1965 along with Baby Jay coin          Most of the remaining Jaycopters ended up stored on
        operated amusement games. Jaycopters Recreation Ltd.       the property of Stan Reynolds in Wetaskiwin, Alberta.
        was registered as public company in 1963.                  There are numerous Baby Jay and Minicopter coin-
                                                                   operated amusement games still in existence. Check
        By 1964 interest in Jaycopters was coming from France,
        Japan, and Italy.  The coin-operated Minicopter smaller    out the one still in the Alberta Aviation Museum.
        than the Baby Jay went into operation in 1964              There are plans to restore a Jaycopter for the
                                                                   Reynolds-Alberta Museum in the future.
        The US military received a Jaycopter Demonstrator
        Trainer classroom helicopter device at Fort Wolters,       The company may be gone but the Jaycopter will
        Texas in 1965. The 16-place Jaycopter operated for the     never be forgotten.
        second year at the New York World’s Fair during 1965 to
        limited financial success.
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