PAN American World Airways

Pan Am history, Pan Am aircraft, Pan Am employees, Pan Am memorabilia and Pan Am Pan American Airways Incorporated was founded on Marc...

Pan Am history, Pan Am aircraft, Pan Am employees, Pan Am memorabilia and Pan Am

Pan American Airways Incorporated was founded on March 14, 1927, by Major Henry H. "Hap" Arnold and partners. Their shell company was able to obtain the U.S. mail delivery contract to Cuba, but lacked the physical assets to do the job. On June 2, 1927, Juan Trippe formed the Aviation Corporation of America with the backing of powerful and politically-connected financiers who included William A. Rockefeller and Cornelius Vanderbilt Whitney.

Their operation had the all-important landing rights for Havana, having acquired a small airline established in 1926 by John K. Montgomery and Richard B. Bevier as a seaplane service from Key West, Florida to Havana, and carried mail over the route for the first time on October 19, 1927.

The Atlantic, Gulf, and Caribbean Airways company was established on October 11, 1927, by New York City investment banker Richard Hoyt, who served as president.

The three companies merged into a holding company called the Aviation Corporation of the Americas on June 23, 1928.[citation needed] Richard Hoyt was named as chairman of the new company, but Trippe and his partners held forty percent of the equity and Whitney was made president.

Trippe became the operational head of the new Pan American Airways Incorporated, created as the primary operating subsidiary of Aviation Corporation of the Americas.

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YourDataPlan - Telecom Updates & News - Jio, 4G,3G,LTE, Mobiles Data Plan: PAN American World Airways
PAN American World Airways
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