This is a very interesting topic. I must say that I agree with Commander_Rabb and MEA321, there are lots of people who associate great memories to Pan American. The Pan Am logo and name was the second most recognized brand after Coca-Cola worldwide! That being said, everybody knew what Pan Am stood for.
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However, the problem I'd see is that Pan Am and TWA basically had the monopole on international routes and that's why they were so huge, today that wouldn't happen anymore.
If Pan Am ever comes back internationally, and that is what it's supposed for, then on a much smaller scale.
I believe that a new Pan Am should cooperate closely with an US domestic airline, say JetBlue, to feed its own international network. That would be a great strategy to revive them as they were highly recognized for international flights only.
I don't believe that any of the majors would ever rebrand into Pan Am, none of them would give up their corporate ID
for that. At the time PA went bankrupt I guess they had a very bad reputation and that is why neither Delta nor United wanted think about that move.
Well, I don't know if we'll ever see good old PA back here in Europe, but I certainly do wish for that to happen a lot as PA was MORE than just an airline.
I guess anybody who either worked for them or flew them a lot would wish the same.
Pan Am - The World's Most Experienced Airline.