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Monark Airman Recent Find

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A friend of mine recently purchased this very nice Monark Airman that looks to have an unusual rear suspension. The tires hold air and he took it for a ride. I have not been able to find any information for him. Please tell me your observations and share your knowledge.
Thank you in advance.

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View attachment 1399401Here are some more pictures. It looks to be in amazing condition for its age!

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I would keep it because "20 really good bikes" will fill up a garage which he might not have the room to spare. This one he can toss up in the garage rafters and know it will only go up in value. It's a top of the heap bike and those only go up in value whereas 20 mediocre bikes maybe not.
 
A friend of mine recently purchased this very nice Monark Airman that looks to have an unusual rear suspension. The tires hold air and he took it for a ride. I have not been able to find any information for him. Please tell me your observations and share your knowledge.
Thank you in advance.

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@Dan Shabel so you're getting it cleaned up & greased for riding - storage?

Thank you for the pics outside & in detail.

That 1 bike is so Unique; Not that I would sell it for 20 other bikes but They Would have to be some Holy Grail Rarities before I would even think of it!
 
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