M. Pierre Mauboussin set up private factory at Puteaux (Paris) 1931, building M.120 Corsaire light monoplane, followed by numerous derived types which from July 1934 were made by Breguet at Vélizy. In 1936 all rights purchased by Société des Etablissements Fouga, which built all types from M.123 to M.190, M.200 racer, M.300 6-seat light twin and unusual M.400 resembling pusher Rapide (1944). In 1945 Mauboussin became Director of Aircraft Department of Fouga.