KRXI FOX 11 Reno - Search Results The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available. Air Race ExpansionThe National Championship Air Races is expanding its product to ensure financial sustainability going forward.Chairman Mike Major says casino and tourism agency financial support is enough to pay off this years insurance premium of nine hundred thousand dollars. We feel that this is a heritage that Reno cannot afford to lose and one that the United States cannot afford to lose, says Major.The Air Races needed 2014 insurance costs to fall under one million dollars to continue the event.After the 2011 air race crash, the event paid off a one point twenty-five million dollar insurance bill last year. Before the crash, insurance totaled three hundred thousand dollars a year. Air Race officials say this years event will look more like a festival.Daily concerts, additional races and added military aircraft displays are all set to entice a youthful target demographic.Spokesperson Mike Draper says the event is also working to incorporate the future of Nevada flight: Unmanned Autonomous Systems.Wed also love, and we are working and not sure if we are going to be able to do it this year or not but wed love to show them in flight and a demonstration of what they look like in the air, says Draper.The Board of Directors is working on a financial plan to sustain fifty more years of the air races.Ultimately we would like to get back to the three hundred thousand year that we had before the accident, well never get there, but at least this is do-able, says Major.Officials expect this years event to bring in a profit after two straight years of losing money.