Europe's first airplane takes flight, Austrian Airlines launches service, Delta offers voluntary severance to 30,000 employees, the crash of a Boeing 307 Stratoliner during a test flight, and more...
First successful skydive from a plane, first scheduled airship service, launch of the Voyager 2 spacecraft, first flight test of the GE-36 propfan engine and more...
Skyrocketing fuel costs will likely lead to several airline mergers this year. Unfortunately for fliers and shareholders, the history of airline mergers contains few positive notes.