Shredded,
I love your concept for the livery - The black and yellow stripe effect, the wings remaining white, and the bumblebee logo on the tail. Great design!
I'm not sure the font used for Bumblebee Air is quite right on its own, but then on the aircraft it looks good. Maybe the white writing on the black background makes it work better. It looks like a bee flying around to spell out the word, which works really well with the theme.
My only concerns are what appears to be missing yellow from the bumblebees hand across to the left in line with the top of the aircraft, and a blob of yellow is missing from under the horizontal stabilizer (not sure if that is deliberate or not).
As for the logo, you did really well with the bumblebee. As for the text, I'm not sure how I want it either. I'm not sure black writing on a white background works though. I think the font looks better on a black background, but the logo probably won't work then. Maybe the logo can be on a yellow background, the words on a black background, and the change between the yellow and black background being a diagonal strip like on the aircraft livery?
Overall, I'm happy with it, so thanks for your work :-)
Leigh