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When Pan Am declared bankruptcy in early 1991 and was forced to sell its New York hub to Delta Air Lines, Pan Am Express continued to operate the northeast regional system and the Miami system for Pan Am until the brand was shut down together with its parent on December 4, 1991. On that date, Ransome / Pan Am Express was sold to Trans World ...
Pan Am opened for business at 9:00 am and within the hour, Ray was forced to withdraw Pan Am's plan of reorganization and execute an immediate shutdown plan for Pan Am. Pan Am ceased operations on December 4, 1991, [ 135 ] [ 136 ] following a decision by Delta CEO Ron Allen and other senior executives not to go ahead with the final $25 million ...
The terminal featured the Panorama Room, a dining room with a view of the entire concourse, and the Clipper Hall museum of Pan Am history. In 1971, the terminal was expanded to accommodate the large Boeing 747 and renamed the "Pan Am Worldport". Worldport was the world's largest airline terminal and held the title for several years.
The spirit of Pan Am lives on. For passengers eager to relive the days of flying the iconic airline, a charter company will re-create two early routes of the now long-gone carrier.
Once Pan Am ceased operations in 1991 following a bankruptcy blamed in part on airline deregulation, increased competition and rising costs, Miami airport took over the headquarters building ...
However, the aftermath of the Gulf War and competition from low-cost carriers led to losses of US$332 million in 1991 and US$957 million in 1992. [28] In 1992, United purchased Pan Am's Latin American and Caribbean routes and Miami gates, but allowed months to elapse between Pan Am's demise and its launch of service.
Pan Am Flight 103 (PA103/PAA103) was a regularly scheduled Pan Am transatlantic flight from Frankfurt to Detroit via a stopover in London and another in New York City. Shortly after 19:00 on 21 December 1988, while the Boeing 747 "Clipper Maid of the Seas" was in flight over the Scottish town of Lockerbie, it was destroyed by a bomb, killing all 243 passengers and 16 crew in what became known ...
Trans World Airlines (TWA) was a major airline in the United States that operated from 1930 until it was acquired by American Airlines in 2001. It was formed as Transcontinental & Western Air to operate a route from New York City to Los Angeles via St. Louis, Kansas City, and other stops, with Ford Trimotors.