In April 1946, he and Lieutenant Colonel John C. "Pappy" Herbst formed what he believed was the Air Force's first jet aerobatic demonstration team. In late May, the 412th was ordered to undertake Project Comet a nine-city transcontinental mass formation flight. Olds and Herbst performed a two-ship aerobatic routine that thrilled the crowds at every stop, the highlight being a three-day layover in Washington, D.C. In June, Olds was one of four pilots who participated in the first one-day, dawn-to-dusk, transcontinental round trip jet flight from March Field to Washington, D.C.