Why Did Pan Am Go Out Of Business
Camila Farah
Why did pan american world airways go out of business.
Pan am ceased operations on december 4 1991 following a decision by delta ceo ron allen and other senior executives not to go ahead with the final 25 million payment pan am was scheduled to receive the weekend after thanksgiving. What year did pan american airlines go out of business. Pan am went broke partly because from juan trippe down to its check in agents it had become so arrogant that the airline abused its customers. Pan am is a cautionary tale for any company and investors in companies if you were to say to someone in the 1960s that pan am wouldn t exist in 1992 but air travel would be more popular than.
British overseas airways corporation wikipedia british overseas airways corporation boac was the british state owned airline created in 1939 by the merger of imperial ai. Pan am fell apart in the beginning of the 1990s because of a few things happened in the 70s and 80s. I know deregulation was the final nail in the coffin but were there other factors. I was born in 1992 after they folded so i never got to experience them and i just have a general interest in historical airlines and such.
After the lockerbie disaster of 1988 pan am went into a steep decline. In sharing the shame and blame of the december 1991 demise of pan american world airways some say that the company s long slide started with founder juan terry trippe viewed by many as arrogant. It went out of business in 1991 after filing for bankruptcy.
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