I would love to see Pan Am go international overseas again, very much!
But it will be a long time. Some people think the 727 is no good for startups. Actually, though, it is a very good aircraft. Consider this, you can ususally get a 727 from anywhere. The airlines are slowly retiring them, and theres millions in the desert of Arizona and Nevada. That means you can usually buy one cheap, making the aicraft fully-owned by you and eliminating one more bill. The 727 has good performance. It climbs fast, and flies faster than most jets do because of it's wing sweep. That means more flights in a day, and that means more money to the airline.
Also, parts for the 727 are all around. You don't have to order them for high prices like you do for new aircraft, you can get spare 727 parts for bargain prices!
The 727 has good fuel consumption. It's thirsty, but not real bad.
The only bad things are that the 727 is getting older, so it needs more care than a new plane would. And you buy a 727 as-is, you can't take it to Boeing and say "Fix this". They will laugh at you.
And finally the 727 is loud. I like the loud, but alot of people don't. I wonder why?!
The 727 is my favorite aircraft. I flew here not long ago, and it was the best flight of my life. I will always love 727, I will buy one of my own, no matter what it takes!
I LOVE 727!!!
As for Pan Am. I miss the old one, they were cool. It will be a while before new PAn Am can go to Europe though. Protsmouth is a very good location. It's just outside Boston from what I hear, and I'm sure if their service and prices are good enough, people will drive to Portsmouth.
They should now start expanding out into their immediate area, become the local airline. Maybe some service into outlying Texas cities, like Lubbock, Amarillo, or El Paso? Or some tourist flights to New Orleans/Baton Rouge?
Canada is a good move for them, but they have to be careful. The majors will compete anywhere they can. If Pan Am can find large enough, near enough alternatives to the main airports of the major cities, like Toronto and Montreal, they'll make it.
Mexico, they should stay well away from Mexico City, well away. They could get some service started to Cancun, Acapulco, Guadalajara, or maybe Mazatlan.
The Caribbean area doesn't sound very safe at the moment because American Eagle has a stranglehold on all the routes. If they were to try an compete, AA would undercut them immediately, and possibly send the entire company into bankruptcy.
Or at least that's what I think.