1967 Pan
American World Airways Inc.& 1967 Penn Central Company -
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We are currently giving away a number
of 40 year old Pan American World Airways and Penn Central share certificates. These are ideal as a
starter, or simply an addition to your scripophily collection. They are
all in good condition, making them ideal for framing. All that you have
to pay is the shipping charge (see below) to obtain two unmounted
certificates. In
addition you will also receive a £5 voucher towards your next purchase.
About Pan American World
Airways
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About Pan American World Airways
Pan American Airways, as it was then named, began operations on October 28,
1927, with the first scheduled international flight by a United States
airline. A small wood and fabric Fokker trimotor airplane loaded with mail
sacks took off from a dirt runway in Key West, Florida, and landed one hour
and ten minutes later in Havana, Cuba, a distance of ninety miles.
Juan Terry Trippe, Pan Am's twenty-eight
year old founder began operations with two airplanes, twenty-four employees
and the goal "to provide mass air transportation for the average man at rates
he can afford to pay."
Within three months the airline transported passengers on a daily schedule
between Florida and Cuba. Initial success encouraged the acquisition of new
aircraft, employees and routes --- to the Caribbean islands, Mexico, Central
America and South America. In 1928 Trippe engaged the services of Charles A.
Lindbergh, and the famed American aviator served as a technical advisor to Pan
Am for forty-five years.
Lindbergh was instrumental in determining the transatlantic routes, and
letters between Trippe and Lindbergh provide a unique perspective on the
development of the aviation industry.
Pan Am proved to be an airline of many "firsts." On November 22, 1935, the
"China Clipper," a Martin flying boat built to Pan Am's specifications
departed from San Francisco and began a six day journey to Manila, completing
the first transpacific flight. In May, 1939, the "Yankee Clipper," a Boeing
B-314 also designed and built for Pan Am, completed a New York - Lisbon -
Marseille route that inaugurated transatlantic flights. In 1942 Pan Am also
completed the first successful around the world flight.
World War II saw Pan Am devote resources and personnel to the war effort.
The airline flew more than ninety million miles for the United States
Government. Pan Am carried military personnel and cargo; ferried bombers and
aircraft; and built fifty airports in fifteen countries. The airline also
trained thousands of military pilots, navigators and mechanics.
The post-war period saw many technical improvements in aviation, including
the introduction of the Douglas DC-4, the Lockheed Constellation, the Boeing
Stratocruiser and the Douglas DC-6 and DC-7. By 1947, after only two decades
of operation, Pan Am employed 19,000 people in sixty-two countries. In 1950,
shortly after beginning around the world service and developing the concept of
"economy class" passenger service, Pan American Airways changed its name to
Pan American World Airways, Inc.
United States air passenger service entered the jet age on October 26,
1958, as the "Clipper America," a Boeing 707 flew from New York to Paris with
111 passengers. Overnight, flying times were reduced by one-half, and the
world became a much smaller place. Pan Am continued to influence commercial
aviation service, and in 1970 the airline carried 11 million passengers almost
twenty billion miles. Pan Am was the first airline to order the Boeing 747, a
plane that flew more passengers faster, higher and farther than its
predecessors.
In 1976, Pan Am introduced the Boeing 747 SP, a special performance
aircraft that extended the range of commercial flights and allowed Pan Am to
inaugurate non-stop flights to the far corners of the world. On May 1, 1976,
Pan Am's "Liberty Clipper," one of the new 747 SP's, left New York and
travelled east on a record breaking around the world trip. With ninety-six
passengers and only two re-fueling stops -- at Delhi and Tokyo -- the flight
arrived back in New York only forty-six hours from departure, besting the
previous mark by some fifteen hours. The airline celebrated its fiftieth
anniversary in 1977 with anther first, this time around the flight covered
26,300 miles in a little more than fifty-four hours.
In the late 1970s Pan Am began exploring domestic flights. In January,
1980, Pan Am merged with National Airlines thus airline industry, the
proliferation of airlines around the world and the fragile global economy led
Pan Am to attempt a number of organizational restructures. Following a series
of unsuccessful initiatives designed to improve the economic performance of
the company, Pan American World Airways, Inc., ceased operations in 1991.
Source: Otto G. Richter Library,
University of Miami |