Tue, Aug 27, 2013
ANA Plans To Extend Pan Am Training Into Asia On Multiple Airlines
Pan Am International Flight Academy and Pan Am Holdings, Inc. (collectively "Pan Am") has been purchased by ANA Holdings, the parent company of All Nippon Airways Co. Ltd, one of the leading airlines in the world. Former owner, American Capital, Ltd sold Pan Am, held in its portfolio since 2006 in an agreement reached Friday.
Company officials said in a news release that the combination of Pan Am and All Nippon Airways makes for a strong partnership and positions the new entity to meet the increasing demand for trained pilots worldwide. Pan Am is one of the world's largest independent providers of flight simulation and aviation training services and has the second largest number of flight simulators used for training. Airlines and individuals from across the globe, including North and South America, Europe and Asia rely on Pan Am for flight training services.
All Nippon Airways plans to expand Pan Am into Asia by providing training to other Asian airlines, partner firms and subsidiaries. With air travel expected to double within the next 30 years, and much of the growth occurring in Asia, the company is poised to capture opportunities and create an additional source of steady revenue for the Airline.
"This is a very exciting time for Pan Am," said Pan Am CEO, Mr. Vito Cutrone. "We feel certain that working with our new owners at ANA will bring new and profitable opportunities for Pan Am's continued growth, and particularly new opportunities for the employees of Pan Am."
Pan Am International Flight Academy is headquartered in Miami, FL.
More News
Aero Linx: JAARS Nearly 1.5 billion people, using more than 5,500 languages, do not have a full Bible in their first language. Many of these people live in the most remote parts of>[...]
'Airplane Bounced Twice On The Grass Runway, Resulting In The Nose Wheel Separating From The Airplane...' Analysis: The pilot reported, “upon touchdown, the plane jumped back>[...]
"Burt is best known to the public for his historic designs of SpaceShipOne, Voyager, and GlobalFlyer, but for EAA members and aviation aficionados, his unique concepts began more t>[...]
"Polaris Dawn, the first of the program’s three human spaceflight missions, is targeted to launch to orbit no earlier than summer 2024. During the five-day mission, the crew >[...]
There Are SO Many Ways To Get YOUR Aero-News! It’s been a while since we have reminded everyone about all the ways we offer your daily dose of aviation news on-the-go...so he>[...]