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Posted by Brian Green on 7/3/2012, 8:20 am, in reply to "Re: More about PAN AM"
122.104.131.142
Hi Larry, Joe Erica I well support your comments and agree with you 100% in what you have to say as former employees of such a great airline that pioneered the world. Yes the way the airline was run was well mis managed and abused indeed. Many people lost out and were left drained with no come back for refunds on air tickets or employees pay outs. Our company had an account with PAA in the eighties we were part of the travel chain Global 4 us based in London Sydney Tokyo New Zealand Seattle we had travel offices every where but know we had gone bust belly up in 1992 after PAA collapsed in 1991 we lost over $450,000 dollars from tickets never used and never got a single cent back. Bad management and lack of money dried up the airline. great to see the web site and memories are around. I still have many of the original paper tickets from Pan Am with there flight numbers Dest on them never used
Brain Green CEO Global 4 us travel
--Previous Message--
: Hi Larry & Joe I have read your comments
: yes I do believe what you both say about
: company wastage in many departments
: including sales and assets of Pan Am. I
: worked in the PAN AM building on the 27th
: floor which was in advertising. I can
: certainly say alot of ordering of products
: and computers etc from suppliers were
: brought at unbelievable prices higher then
: the local electronic stores sold them for.
: Most were sent overseas to other PAN AM
: offices ordering materials such as posters
: stationary and alot was never accounted for
: when it was sent or never received.Yet it
: was egnored and paid for. As for air fares
: going through archives from the 1980's many
: were refunded or freebie's were given to
: staff and non family members some how after
: audits were done. Also after a few crashes
: with aircraft and the law suites against the
: airline it drained the airline considerably
: yet insurance pay outs on the aircraft were
: actually below the market value of what they
: were worth at the time. Yet Trippe continued
: to try and over see this problem by selling
: off aircraft or disposale to get money back
: into the company that took a back flip in
: the end. I do know five floors on the PAN AM
: building were emptied out and never used
: again to cut cost in 1990 that was to late.
: I lost my job like many others did that day.
: Thank you
:
: Erica Swanak former PAA employee PAA
: building NYC
:
: --Previous Message--
: Hello everyone I have read many comments
: from
: this site and from the former staff about
: what happen to the Queen of the skies Pan
: Am. I am amazed how we conclude with the
: fact over it's financial woows it had from
: the 707's 747 days. Mind you Mr Trippe new
: the future of the out come but alot hasn't
: being revealed publicly for the record. Yes
: the merger or take over of National airlines
: with there rubbish Pan Am picked up along
: with the debit which also contributed
: further to Pan Am's outstanding debits
: However it boils down to the fact most of
: the aircraft wern't Pan Am's in the first
: place they belonged to banks & financial
: brokers or through Boeing who made a deal
: with Trippe which eventually caved in. Alot
: of other assets including maintence
: facilities spare parts other property's were
: leased out to the airline on long term
: bases. This also included leasing aircraft
: never paid for after the demise in 1991. I
: ask what are peoples thoughts on this or to
: add to this conversation. There's alot more
: to this then meets the eye. Many thanks
:
: Larry former PAA pilot from JFK/MIA/SFO
:
:
:
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