Company Provides Private, Instrument And Commercial Multi-Engine Training With A Fleet Of Approximately 50 Aircraft

Pan Am International Flight Academy announced today that it has acquired Airline Career Academy (ACA), a pilot training academy specializing in JAA/EASA and FAA Ab Initio training. ACA will be integrated into Pan Am's operations to offer world class professional pilot training programs that enhance Pan Am's core business of comprehensive solutions for airlines. The acquisition was finalized December 31st and all training will continue to operate under the Pan Am International Flight Academy brand with no interruption of service.

Airline Career Academy was established in 1995 and trains an estimated 250 pilots annually. Through this acquisition, the Academy is approved to deliver JAA/EASA and FAA initial pilot training at Pan Am's new facilities in Kissimmee/Orlando, Merritt Island, and Ft. Lauderdale Florida, supported with offices in Costa Rica, UK, Italy and Spain.

"We have always been impressed with ACA's operations," said Vito Cutrone, Pan Am's Chief Executive Officer. For airlines and pilot candidates, Pan Am now offers complete JAA/EASA and FAA cadet pilot training packages from zero flight time through airline type ratings. Cutrone continued, "We're pleased to have made this acquisition and look forward to bringing all the talented ACA people into the Pan Am family..."

The company provides private, instrument and commercial multi-engine training with a fleet of approximately 50 aircraft, including single engine Cessna 172SP's, 172 G1000's, Piper Cadets, Warriors and Arrows, as well as multi engine Beechcraft Duchesses and Piper Seminoles.

Marc Issott, CEO of ACA, joining Pan Am's Executive team as Senior Vice President states, "Pan Am and ACA have many of the same high quality training principles and our strengths complement each other. It was a perfect fit bringing these two companies together."

Pan Am International Flight Academy is one of the largest and most experienced pilot and airline training organizations, with its origins as the training division of Pan American World Airways. The company offers airlines and individuals training on over 60 full-flight simulators with courses for Pilots, Cabin Crew, Mechanics and Aircraft Dispatchers.

FMI: www.panamacademy.com