I think he does mean what Pan Am makes still in the US Market.
Well, this is not the original Pan Am. This Pan Am on the picture is operating a small fleet of B727s with Winglets. Maindestinations are Airports in the Caribbean. I think this is a correct description. If not, so correct me.
After the original Pan Am failed for bankruptcy there were a lot successors. One of them operated a lot A300s an A310s mainly out of JFK
in the late 90's. (95-98?)
[Edited 2004-06-21 18:01:14]