when Pan Am Flight 103 was destroyed by a terrorist bomb over Lockerbie, Scotland, killing 270 people in the air and on the ground. • The accidents and incidents involving American airline Pan American World Airways. The airline suffered a total of 95 incidents. Cont….. • Pan Am, having once called itself “The World's Most Experienced Airline”, eventually filed for bankruptcy protection in January 1991. Due to rising fuel costs, as well as an inability to operate domestic routes the airline was starting to run at a loss. • After selling most of its international routes to raise operating funds, Pan Am ended in bankruptcy in December 1991. Cont… • 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 in conducting business and who never planned for a qualified, long-term successor. Others argue that the company's downfall came from more fundamental causes, such as poor management, deregulation, unions, apathy and etc. Solution • After the incident; the training academy was permitted to remain open independently in 1992 under its current name, Pan Am International Flight Academy. The company began operations by using the flight stimulator of the former airline at the same campus location. • In 2006, American Capital Strategies invested $58 million in Pan Am. Pan Am International Flight Academy, based out of Miami International Airport, has trained a substantial number of students from India. Cont… • In 2010 Pan Am International Flight Academy purchased Miami-based Aero service Aviation Center, LLC, located only a few blocks away. Under the terms of this agreement Pan Am purchased all of Aero service's training and simulator assets, adding significantly to Pan Am's Miami training capabilities, classrooms, and campus size. • On July 30, 2013, ANA Holdings, the holding company of All Nippon Airways, announced they will acquire Pan Am Holdings, including Pan Am International Flight Academy. Opportunities • Because of the background of Pan Am airlines, there is bigger opportunities given to the Pan Am Academy. • There are lots of students and thinks that people who were in Pan Am accident are heroes that can never be forgotten. • Because of their flight stimulators and professional aviators, the Pan Am International Flight Academy is often approached to allow usage of their equipment and experts to TV shows and films. • In addition to its Miami headquarters, Pan Am has facilities in Las Vegas, Kissimmee, Tokyo and London and is currently providing training to clients in Asia and Europe through participating partners. Target Market • Aspiring Pilot and Flight Attendant is not the only target market of Pan Am but also, Pan Am negotiate with the well known and bigger airlines company worldwide. • Also Pan Am brand is well known when it came to world airways. The legacy that had been thrive by that accident. • Also by the logo and brand, there are many products came up, just like a flight steward dolls that wear a uniform of Pan Am Airlines, bags that design by the blue logo of Pan Am Airlines. Technology • Active Products - Pan-Am International Flight Academy uses 22 technology products and services including HTML5, Google Analytics, and jQuery, according to G2 Stack. • Active Technology - Pan Am International Flight Academy is actively using 51 technologies for its website, according to BuiltWith. These include Viewport Meta, IPhone / Mobile Compatible, and SPF. Cont….. • Patents and Trademark - Pan Am International Flight Academy has registered 4 trademarks with the most popular class being Education; entertainment, according to IPqwery. • Pan Am International Flight Academy is ranked 640,113 among websites globally based on its 25,715 monthly web visitors. Marketing and Sales • By the Logo and Brand Pan Am Academy can easily market to the consumer. • Also one of their advantage when it comes to market is by their legacy and by their showing up on the films and TV shows. • Partnership of bigger companies when it comes to airways. Sales • Pan Am academy is established not by the investment but by the fund. • The funds are rising from 500,000 up to 1 million. • While their revenues, from 5 million up to 15 million. Management Team • Edward Acker, chairman and chief executive, and Martin R. Shugrue Jr., the vice chairman and chief operating officer. Three other high-ranking executives resigned and four were promoted in the reshuffle at Pan Am, which is the parent of money- losing Pan American World Airways. • • Takeshi Negishi, Chief Executive Officer Mark Johnson, Executive V.P. and Chief Operating Officer Barbara Findo, Vice President Administration Akifumi Tomi, Senior Vice President, Chief Financial Officer is the management team of Pan Am academy. Financial Projections •Pan AM International Flight Academy, Inc. generates $16.74 million in sales (USD). There are 419 companies in the Pan AM International Flight Academy, Inc. corporate family. •D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Pan AM International Flight Academy, Inc. around the world, including contacts, financials, and competitor information. Current Status • Since Pan Am ceased operations, the Pan Am brand has shifted hands on multiple occasions and with various ill-fated airline businesses operated in its name. The longest-running and most successful revitalizing effort of the Pan Am brand is that of Pan Am Railways, which is still operating under the Pan Am brand after adopting it in 1998. • • For aviation enthusiasts and some of Pan Am’s former staff, the name Pan Am still brings back feelings of nostalgia for what many still consider the golden age of aviation. Cont… • As a result, the legacy of Pan Am is today protected by organizations like the Pan Am Historical Foundation as well as various other online and offline communities of Pan Am fans. The airline’s fans can also learn more about the airline and its history at the Delta Flight Museum in Atlanta among other places. • Separately, perhaps the most notable ex-Pan Am aircraft that remains in service to date is Clipper Lindbergh, a Boeing 747SP that was originally delivered to Pan Am in 1977. Today, it’s being used by NASA as an airborne observatory. Financing Sought • Pan Am had returned to the skies in September 1996, five years after filing for bankruptcy. It restarted as a shell of the company that originally started in 1928 and was one the most recognized airlines in the world. • Pan Am merged with Fort Lauderdale-based Carnival Airlines. Carnival’s billionaire owner Micky Arison contributed $30 million to become the controlling shareholder, while Pan Am put its famous blue-globe logo on Carnival Airlines’ larger fleet. • The new Pan Am began with 250 employees and three jets, offering one daily flight between New York and Miami, and New York and Los Angeles. It eventually carried 5,000 passengers daily to 14 cities, serving Florida, the Northeast, Midwest and Puerto Rico. Summary • Pan American World Airways is known as a symbol of the historic days of aviation. While the airline was the largest international carrier in the United States until its demise in 1991. • At its peak the airline also set two around the world records, both using the B747. The airline was fairly old when it ceased operations due to bankruptcy. • Founded in 1927, the airline would be 91 had it survived to the present day. Instead, it ceased operations in 1991 at 64 years old. The Pan Am name lives on, however, and has now been adopted by a private rail transport company. Cont…. The airlines lost basic trust of security in its customers. People started associating Pan Am as a major target for terrorists. Despite the company’s constant promises of commitment to increasing its airline’s security, the public was simply not willing to fly with Pan Am anymore. Ultimately the company stood helpless to reinforce the diminishing relation with its customers and people in general. Cont… After three years of flying with empty seats since Pan Am flight 103 disaster , in 1991 the company went bankrupt and shut down. • Some crises are too big to recover from. Pan Am handled the Lockerbie disaster as best as it could, but the decline in public confidence proved too much leading to ultimately shutting down of the airlines. Thank you!