Even if Pan Am is able to lure investors, the airline is unlikely to resume its flights to Santo Domingo. Press reports indicate that Pan Am intends to sell equipment and gate rights in Boston, Chicago’s Midway Airport, Nassau, the Bahamas and Santo Domingo. Pan American World Airways chief executive David Banmiller has confirmed talks with the Rothschild fund, former TWA owner, financier Carl Icahn and three other possible investors. The groups were considering lending money to or buying equity stakes in the discount U.S. airline, which halted scheduled flights February 26. Now under bankruptcy court shelter, Pan Am is only flying charter flights. Founded in 1996, after a US$1.3 million payment for the historic Pan Am name, the discount airline based in Miami had offered service from New York and Miami to Santo Domingo. Banmiller has said that the airline needs to offer regular flights on set routes to be a viable business.
