Waco's history started in 1919 when businessmen Clayton J. Brukner and Elwood Junkin met barnstorming pilots Charley Meyers and George Weaver. Although their initial floatplane design was a failure, they went on to found the Waco company in 1920 and established themselves as producers of reliable, rugged planes that were popular with travelling businessmen, postal services and explorers, especially after the company began producing closed-cabin biplane models after 1930 in addition to the open cockpit biplanes.