A feature class contains the following:

the point locations of several airplanes flying over a city

a text field with time and date information in a standard ESRI format

a text field that uniquely identifies each individual airplane

An ArcGIS user is performing a temporal analysis to play back the data through time. It is essential to be able to display the most current observation for each airplane with special symbology and display lines indicating the path of each airplane

Without any customization or modification of the data how can this be accomplished in ArcGIS Desktop?