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Pan Am: Bankrupted Or Not?  
User currently offlineSonic From Lithuania, joined Jan 2000, 1670 posts, RR: 1
Posted (14 years 1 month 1 week 1 day 17 hours ago) and read 1396 times:

I thought that Pan Am is gone, but I I found these photos (taken in year 2000)

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Click here for full size photo!

Photo © David Hill



Click for large version
Click here for full size photo!

Photo © Andrew Povey



7 replies: All unread, jump to last
 
User currently offlineMatt D From United States of America, joined Nov 1999, 9502 posts, RR: 46
Reply 1, posted (14 years 1 month 1 week 1 day 17 hours ago) and read 1369 times:

Blessed young novice. Worry not.
You are not imagining things, nor have been misinformed. That Pan Am you are seeing is indeed real.
It is the third airline to bear that name. I'm not sure where thy are based, but it is a new airline ran by an old fat, obese guy named David Fink (I would think that any airline ran by a guy named Fink would be a red flag for trouble) running on some prestigious routes such as Gary, Indiana, Portsmouth, NH, Sanford, FL, and so on.

The original Chosen Instrument Pan Am Clippers stopped flying on Dec 04, 1991.

Pan Am II was started in 1996 by Marty Shugrue, of Eastern Airlines heritage. They flew LAX-MIA-JFK, using A300's. That airline must've got food poisoning because they died right after they swallowed Carnival Airlines.


User currently offlineMatt D From United States of America, joined Nov 1999, 9502 posts, RR: 46
Reply 2, posted (14 years 1 month 1 week 1 day 17 hours ago) and read 1359 times:

I stated that David Fink was an old, fat obese guy.

I stand corrected. The statement should've read:

"....an old, BALD obese guy."

Sorry for the redundant wording and incomplete information.


User currently offlineKeithpilot From United States of America, joined Jun 2005, 0 posts, RR: 0
Reply 3, posted (14 years 1 month 1 week 1 day 14 hours ago) and read 1336 times:

Matt D-
Pan Am is headquartered in Portsmouth, NH. (and Dave Fink is my uncle.)

Keith



User currently offlineSonic From Lithuania, joined Jan 2000, 1670 posts, RR: 1
Reply 4, posted (14 years 1 month 1 week 1 day 6 hours ago) and read 1302 times:

So this Pan Am fly only shorhaul and have small fleet (how many planes?), but the first Pan Am was longhaul, I thing and how many planes they had?

User currently offlineCeilidh From , joined Dec 1969, posts, RR:
Reply 5, posted (14 years 1 month 1 week 1 day 2 hours ago) and read 1291 times:

Actually, when I vitited Pan Am at PSM back in August (and met with Dave Fink) I have to say that I was pretty impressed by them. Not an outfit to waste money - my view is that they will probably last at least as long as Pan Am 1.

Their choice of routes is inspired - unlike most other startups, they have no competition (especially from the majors) and go to the cities people live, rather than work. There's a very important difference there!


User currently offlineWatewate From Canada, joined Nov 2000, 2284 posts, RR: 1
Reply 6, posted (14 years 1 month 1 week 23 hours ago) and read 1271 times:

I'm just curious as to how they got the rights to the name Pan Am? I'm just not comfortable seeing Pan Am- the undisputed leader of its day (like SQ), is flying 727s out of municipal airports.

They should be stripped of their name! j/k. Glad to hear that they are doing well, though.


User currently offlineN202PA From United States of America, joined Jun 2000, 1562 posts, RR: 3
Reply 7, posted (14 years 1 month 1 week 20 hours ago) and read 1261 times:

Pan Am III has 7 727-200s, with various hushkit systems. Three of the aircraft have the winglets that PA is now known for in the aviation community.

Additionally, GTS purchased the assets of PAII from bankruptcy in 1998; the PA name was purchased by a group headed by former PA management head Marty Shugrue, who ran the new airline as a discount carrier flying A300s from Miami to New York and Los Angeles. The airline dramatically expanded its route map and purchased financially ailing Carnival Airlines, but the wake of the ValuJet crash damaged PA's reputation, and bills mounted. PAII went bankrupt in February of 1998. Mellon's organization picked up the name and logo and started the operation we see today.


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