Brazil's Embraer on Monday announced it had signed an agreement to sell up to 125 aircraft with a total value of $1 billion to NetJets, the fractional jet ownership company owned by Warren Buffet's Berkshire Hathaway.
A day of firsts: The Brooklyn Dodgers become the first baseball team to buy a plane, Pan Am launches the first all-cargo transatlantic service, a pope flies on a plane for the first time, Sputnik 1, the first satellite, falls o...