April 22, 1938

Audio of this article is brought to you by the Air & Space Forces Association, honoring and supporting our Airmen, Guardians, and their families. Find out more at afa.org

World War I ace Edward V. Rickenbacker buys a majority stake in Eastern Air Lines from North American Aviation for $3.5 million. That sum would roughly cover the cost of a single engine for a Boeing 757 today.

Audio of this article is brought to you by the Air & Space Forces Association, honoring and supporting our Airmen, Guardians, and their families. Find out more at afa.org