Fred Reid is the founding CEO of Virgin America; he also worked on Larry Page’s flying-car startup Kitty Hawk. Airbnb did not disclose what Reid would be in charge of, but CEO Brian Chesky said the platform would not sell plane tickets or create its own airline. A source speaking to Reuters said the company would partner with transportation providers in local markets, such as tuk-tuk drivers or tour bus drivers. (Reuters)

Talking point: Airbnb unveiled plans to become a “full-service” travel site in late 2016. The company already offers Airbnb Experiences for travellers—which allows them to book guided tours and activities—and the platform includes luxury vacation homes and hotels. As more cities crack down on Airbnb’s home rental business—Toronto city council passed a motion proposing that short-term rental platforms delist houses and condos being used as “ghost hotels”, Airbnb challenged that and a judge will hear the case in TK—this new venture is another avenue for the company to grow.