Pan Am Flight Academy, Last Remaining Division of Iconic Airline, Sold to ANA
The last remaining remnant of Pan American World Airways, the Pan Am International Flight Academy, was sold to ANA Holdings, the parent of All Nippon Airways, on Friday. The sale price was $139.5 million.
The Pan Am International Flight Academy is one of the largest providers of flight simulation and aviation training services in the world and provides training on all leading aircraft types from its nine locations. Its services are utilized by major airlines in the Americas, Europe, and Asia. Until Friday’s sale, it had been owned by American Capital.
ANA plans to expand Pan Am into Asia where it can offer training services to other Asian airlines.
Pan American World Airways, formerly the principal international air carrier in the U.S., was founded in 1927 and shut down on December 4, 1991 after spending the year in bankruptcy proceedings. It was the nation’s unofficial flag carrier and a cultural icon of the twentieth century.
(Photo: Jon Proctor)