Immediately after the bankruptcy auction, the Aviation Radio Station, Inc. was formed to take over the WRNY radio stations. C. M. Keys, president of the Curtiss Aeroplane and Motor Company, provided the financial backing for the new company. Chester Cuthell, the attorney who was at the auction, was the president and Walter Lemmon was the general manager. The goal of the station was to promote aviation. The Federal Radio Commission had to approve station license transfer and any changes to the station. Mr. Cuthell asked the commission for more frequencies as he said that he and his partners had up to $2,000,000 dollars to spend on the stations. The commission approved the license transfers and improvements to the existing stations.