Tippco Neo with foldable wings

This airplane from the 30's was made by Tippco and has got a clockwork that drives the proppeller and the wheels. It has also got foldable wings.
This was quite unusual in the 30's as the first monoplane ever with folding wings was the Bearn's Dewoitine D.376 and must have been as an inspiration to the Tippco engineers.
 
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