The name of the aircraft, CBY-3, was derived from the name of the three partners involved in its creation: CanCar, Burnelli and Lowell Yerex and “3” from the number of partners involved.
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Moving to Southampton, New York, Burnelli continued to promote his airfoil-shaped fuselage transport aircraft.
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Lowell Yerex was a New Zealander who had formed TACA – Transportes Aéreos Centroamericanos (Central American Air Transport) in Honduras in 1931, and joined the project when Burnelli convinced him that the CBY-3 could be used as both a cargo and passenger aircraft.
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The Burnelli CBY-3 Loadmaster was an unconventional transport aircraft designed by American engineer Vincent Burnelli and built in Canada in 1944 by Canadian Car and Foundry.