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In 1915 Holmes and Beryl Williams went to Japan where they started an aviation venture at Osaka. They established a small factory and flying school, with Japanese mechanics and prospective students helping to build planes in payment for their flying instruction. Williams was also a former Martin employee, a skilled mechanic and licensed aviator. There that summer Holmes flew a Gyro-powered Curtiss-type pusher biplane and trained young military officers.

Their business continued for some time; later they started a similar business venture in China. Apparently however, the Orientals were skeptical of financing American enterprises, so it was a struggle for the Americans to keep going and their attempts never achieved the growth they deserved for their efforts. 

In September 1919, Holmes returned to the United States and was around the Los Angeles area for a time, the disappeared from the aeronautical scene. This biographer does not know what became of him.

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