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| '''Pan American World Airways (Pan Am)''' was at one time the principal international ]-based airline. The ] disaster in ] exacerbated the company's financial problems and it was forced to sell off many of its aircraft and international routes to its competitors. The company finally collapsed in ]. An attempt was made to revive the company in the late ], but the new Pan Am ultimately ended up facing bankruptcy again and the name was sold in ]. The current owners of the Pan Am brand operate a small number of flights within the ]. | '''Pan American World Airways (Pan Am)''' was at one time the principal international ]-based airline. The ] in ] exacerbated the company's financial problems and it was forced to sell off many of its aircraft and international routes to its competitors. The company finally collapsed in ]. An attempt was made to revive the company in the late ], but the new Pan Am ultimately ended up facing bankruptcy again and the name was sold in ]. The current owners of the Pan Am brand operate a small number of flights within the ]. | ||
| On ], ] Pan American became the first commercial airline to have a flight that went around the world. | On ], ] Pan American became the first commercial airline to have a flight that went around the world. | ||
Revision as of 22:22, 22 July 2003
Pan American World Airways (Pan Am) was at one time the principal international US-based airline. The Lockerbie disaster in 1988 exacerbated the company's financial problems and it was forced to sell off many of its aircraft and international routes to its competitors. The company finally collapsed in 1991. An attempt was made to revive the company in the late 1990s, but the new Pan Am ultimately ended up facing bankruptcy again and the name was sold in 1998. The current owners of the Pan Am brand operate a small number of flights within the continental United States.
On January 6, 1942 Pan American became the first commercial airline to have a flight that went around the world.