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Aviation has experienced one hundred years of dynamic growth and change, resulting in the current air transportation system dominated by commercial airliners in a hub and spoke infrastructure. The first fifty years of aviation was a very chaotic, rapid evolutionary process involving disruptive technologies that required frequent adaptation. The second fifty years produced a stable evolutionary optimization of services based on achieving an objective function of decreased costs. In the third wave of aeronautics over the next fifty years, there is the potential for aviation to transform itself into a more robust, scalable, adaptive, secure, safe, affordable, convenient, efficient, and environmentally fare and friendly system.