All Nippon Airways buys Pan Am International Flight Academy
Aug. 26, 2013, Miami, Fla. - Pan Am International Flight Academy and Pan Am Holdings, Inc. announced today it has been purchased by ANA Holdings, the parent company of All Nippon Airways Co. Ltd. Former owner, American Capital, Ltd sold Pan Am, held in its portfolio since 2006 in an agreement reached today.
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.
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.”