Full FAA Chronology at this link.
19280517: Another amendment to the Air Mail Act of 1925 (see June 3, 1926) provided that air carriers that had operated satisfactorily on mail routes for two years could exchange their contracts for “air mail route certificates” for a period not to exceed 10 years. The amendment protected the investment of the airlines in the equipment necessary for carrying out their original contracts since the life of that equipment was considerably longer than the life of those contracts. At this time, mail contracts provided virtually the only profitable form of airline operation. (See April 29, 1930.)
19850517: United Airlines pilots went on strike over the company’s plan for a two-tiered pay structure with lower pay for new pilots. The union and management soon reached an economic agreement that permitted such a two-tier system, but back-to-work issues delayed settlement until June 14.
This Day in FAA History: May 17th
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