Aeronautica Industrial SA established Madrid 1923. Built early Cierva autogyros, and subsequently many aeroplanes, including H.M. series of light trainers. AISA built Iberavia I.11 and I.115, in 1952 taking over Iberavia design department and building all 200 I.115 (E.6) trainers for Spanish AF. Last original AISA design unsuccessful GN autogyro (1982). As of 1991 company was shared in 18 programmes of others.