August 28, 2013 - Pan Am International Flight
Academy and Pan Am Holdings, Inc. (collectively
“Pan Am”) announced it has been purchased by ANA
Holdings, the parent company of All Nippon
Airways Co. Ltd, one of the leading airlines in
the world for $139.5 million. The transaction
closed on August 22.
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
pilots worldwide. Pan Am is one of the world’s
largest providers of flight simulation and
aviation training services. Airlines and
individuals from across the globe, including
North and South America, Europe and Asia utilize
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, with 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.
Pan Am CEO, Mr. Vito Cutrone states, “This is a
very exciting time for Pan Am. 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.