I just happened to see this on my home from work as I passed by GSO. I was able to see a plane coming in on the far side of the airport, a few seconds later saw it shooting back up and banking hard left. It was a FedEx 727 which I assumed was just performing a go-around. I was able to see it continue its left bank and was able to the wheels drop and everything. However, about 5 minutes later about 5 miles outside of GSO I saw it pass over my girlfriend's apartment. I looked it up and the plane left and came back to GSO. I know that Timco does maintenance of the Fedex 727, could this have been a test run of some sort?
In regards to the 727 it looks like an awesome bird, good performance. Did it have a real big presence in the commercial airline industry in its day? They were mainline a little before I got into aircraft and airlines. Which US carrier had the most 727s?