AeroWesty From United States of America, joined Oct 2004, 18896 posts, RR: 64 Reply 1, posted (6 years 10 months 2 weeks 1 day 7 hours ago) and read 2525 times:
Lincoln From United States of America, joined Nov 2004, 3887 posts, RR: 8 Reply 2, posted (6 years 10 months 2 weeks 1 day 7 hours ago) and read 2504 times:
As a bit of trivia, wasn't PA one of the original shareholders of "LAX Two Corporation"... the airline-owned entity that to this day owns and operates Terminal 2 at LAX (IIRC, LAX Two Corporation leases the land from the City of Los Angeles but owns the structure...or something like that).
Lincoln
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Laxintl From United States of America, joined May 2000, 22072 posts, RR: 51 Reply 3, posted (6 years 10 months 2 weeks 1 day 6 hours ago) and read 2490 times:
Quoting Lincoln (Reply 2): As a bit of trivia, wasn't PA one of the original shareholders of "LAX Two Corporation"... the airline-owned entity that to this day owns and operates Terminal 2 at LAX (IIRC, LAX Two Corporation leases the land from the City of Los Angeles but owns the structure...or something like that).
Indeed, LAX-Two Corp. was formed by Pan Am, Northwest and Air Canada. With the closure of Pan Am, Hawaiian Air fortuitously stepped forward to purchase its stake. At the time this was quite a gamble for Hawaiian, but the investment has since become well worth it via the significant monthly revenues generated at the terminal which host multiple airlines.
LAX-Two has a 99 year lease from LAWA on the land and built and manages the T-2 facility independently.
For Pan Am, its somewhat sad that it invested big sums of money in a facility and put up with years of inconvenience ops during construction to only be able to use the facility for a brief couple years.
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