Colonial Air Transport offers a sightseeing trip from Teterboro, New Jersey, around New York City for just $8, less than the price of a similar trip in a taxi.
The first successful free flight of a true helicopter is made by Igor I. Sikorsky’s single-rotor VS-300.
NASA legislative program for the 87th Congress was submitted (S. 1857 and H.R. 7115), asking for authority to lease property, authority to acquire patent releases, elimination of the CMLC, replacement of semiannual reports to Congress with an annual one, and authority to indemnify contractors against unusually hazardous risks.
Braniff International Airways' president Howard D. Putnam announces the airline has filed for protection under bankruptcy laws, and the airline's fleet of 71 aircraft is grounded.