Tell about PAN American Airlines ?

Pan Am’s creditors auctioned off its famous logo, a blue globe, for $1.325 million in 1993. The buyer, Charles Cobb, hoped to license the well-known symbol to travel companies or airlines. Although Pan Am’s dissolution was perceived by some observers as just another business failure, others mourned the airline as they would a respected colleague.

In a February 1992 editorial for Air Transport World, James P. Woolsey called for “a moment of respect “and praised Pan Am’s pioneering spirit, charismatic leadership, and extraordinary perseverance

In 1927, Pan American Airlines completed its first flight, from Key West, Florida to Havana, Cuba. Ironically, the first flight was over water and the airline would pioneer numerous oversea flights. The company began by flying air mail between the United States and South America, using Martin 130 and Boeing 314 flying boats. Pan Am Airlines was contracted with United States military forces during World War II, which benefited the company greatly. The airline flew more than 90 million miles on behalf of the war effort, and its pilots gained much experience.

Following the war, the military aircraft were converted into passenger airliners to capitalize on a huge growth in passenger travel. When the need arose for longer mail flights in the late '60s and early '70s, the company needed new planes.

Pan Am called upon Boeing for 707-320Cs, DC8-30s, and later, 727-100s. Those planes carried air mail throughout the world. When the federal government began to look into monopolies, Pan Am took some of the worst hits and was forced to relinquish some of their routes to other airlines — at the same time that passenger air travel numbers began to take a dive.

Pan Am eventually went under in December 1991 and Delta acquired the airline, continuing to fly its planes under the famous name for a short time, then slowly converting all the planes to bear the Delta logo.

Pan American World Airways is known as a symbol of the historic days of aviation. While the airline was the largest international carrier in the United States until its demise in 1991, it was a founding member of the IATA. At its peak the airline also set two around the world records, both using the B747. The airline was fairly old when it ceased operations due to bankruptcy.

Founded in 1927, the airline would be 91 had it survived to the present day. Instead, it ceased operations in 1991 at 64 years old. The Pan Am name lives on, however, and has now been adopted by a private rail transport company.

Pan Am was originally incorporated is Pan American Airlines on 14th March 1927. The airline was founded as a shell company meaning it had no assets or employees, just a name and a bank account. Having raised $250,000 in start-up capital, the airline commenced operations on 19th of October that same year with a Fairchild FC-2 floatplane