Asteroid 4820, Fay, was discovered on September 15, 1985 by Carolyn S. Shoemaker at Palomar Mountain Observatory. It has a period of 4 years, 305 days and is about 5 1/3 miles in diameter.
It was named for American aviator and journalist Fay Gillis Wells (1908-2002), a founding member of the international female pilot association the Ninety-Nines, and the first female pilot to bail out of an aircraft to save her life (when her plane disintegrated in mid-air over Long Island in 1929), as well as the first female broadcast journalist accredited to the White House.
Fay Gillis Wells
The meaning of asteroid Fay seems to be:ethereal, otherworldly (Raymond Scott); possibly, women as aircraft pilots.