To calculate the tension in a cable when an aircraft drops a load while flying straight and level, key factors include the aircraft's speed, the weight of the load, and the cable's length. The tension can be approximated using the formula T = L.sec(θ), where θ is the angle of the cable with the vertical. If air resistance is negligible, the tension will be close to the weight of the load, approximately 883 N for a 90 kg load. However, if air resistance is significant, it complicates the calculation, as the drag force must be considered, and the cable may not hang vertically. The discussion highlights the importance of understanding the dynamics of drag and the load's behavior during descent.