I wish I'd get to found my own airline. I'd set my hub of operations at Huntsville, AL (a very nice airport, although new facilities would have to be built). I'd operate the following aircraft:
717-200 as the flagship
Fairchild 328 (only until enough 328JETs could be gotten to replace them).
and probably the 728JET (eventually)
All the aircraft would have tasteful blue leather seats, and fine service.(Midwest Express quality)
I agree that the Pan Am livery would look great on the MD-11, 747-400, and A340. I must admit though, while I am a huge fan of L-1011s, the ones Pan Am operated didn't look so good in their livery.