logo
Glamorous Pan Am back from the dead, and it's coming to Australia

Glamorous Pan Am back from the dead, and it's coming to Australia

'You can't really bring Pan Am back … and honour it well with those iconic routes in the era we are in,' he said in August, citing the many difficulties facing airlines in these current turbulent times.
As of the 'inaugural' flight last week, however, he has changed his tune. Having announced a partnership with AVi8 Air Capital – a merchant bank and consultancy firm which specialises in the aviation industry – Carter is now talking of timetabled services and distant horizons.
'Pan Am remains a cherished name in aviation,' he comments. 'Through this collaboration, we aim to assess a sustainable, forward-thinking approach to reintroducing scheduled commercial service under the Pan Am name; one that not only honours [the airline's] legacy – but also makes the Pan Am experience more accessible.'
If Carter is able to accomplish this not inconsiderable feat, he will have succeeded where several others have failed. Because this month's re-emergence of the 'blue meatball' logo is not the first attempt to restore Pan Am to the present tense. It is actually the fifth rekindling of the airline's embers since the original fire burned out in 1991.
There was the low-cost carrier which flew from the US to the Caribbean between 1996 and 1998. There was a short-haul operator, based at Portsmouth in New Hampshire, which offered flights in the American north-east between 1998 and 2004, and a sister company which had another go at repolishing the holy grail, from the same base, between 2004 and 2008. All of them had the Pan Am name. As did Pan Am American Airways Incorporated, which picked up the baton in 2010, running cargo planes out of Brownsville in Texas, with the promise of passenger services to come. It collapsed in 2012, in a haze of scandal.
While each of these failed projects had their issues, they all, ultimately, struggled to compete with the weight and the mystique of a beloved brand. Because, for more than half a century, Pan Am was the biggest – and most shimmering – fish in the global pond.
The airline first emerged in Florida in 1927, as the brainchild of Henry Arnold, Carl Spaatz and John Jouett – three US Army Air Corps officers who began offering flights between Key West and Havana. But it began to bloom in the 1930s, under the astute leadership of Juan Trippe, an American entrepreneur who understood that the future of travel had wings.
Loading
That decade saw Pan Am lead the way with its Clipper planes – doughty flying boats that, come 1931, were whistling their way down to South America. Within eight years, Europe was in focus. On March 30, 1939, Harold Gray piloted the first ever transatlantic flight with passengers; a Pan Am service aboard the Yankee Clipper which made the oceanic crossing from Baltimore to Lisbon – via a refuelling pause at Horta, on the island of Faial in the Azores – in a total flying time of 24 hours, 39 minutes.
By the dawn of the Jet Age in the early 1950s, Pan Am was the US flag-carrier in all but name, flinging itself into the new arena of international travel with flair, finesse and a reputation for luxury. Its state-of-the-art hub, trademarked as 'Worldport', was inaugurated as JFK's Terminal 3 in 1960, its futuristic 'flying-saucer' design suggesting trips to space as much as to Paris.
Ten years later, it was playing host to the jumbo jet. Pan Am was a key player in the advent of the Boeing 747. Its desire for bigger, better, faster and more – and, specifically, its placing an order for 25 of these revolutionary giants in April 1966 – kickstarted the production line in Seattle. The first commercial flight of a 747 was a Pan Am endeavour – from JFK to Heathrow, on January 22, 1970.
It was all so fabulous that you might wonder how so feted an airline could have ceased to exist. But behind the roar of engines and the clink of champagne glasses, Pan Am was starting to flounder. It had risen via its protected status – granted an effective monopoly as America's international airline by the US government. The Airline Deregulation Act of 1978 pulled down that ring-fencing, leaving Pan Am blinking uncertainly at issues it had never had to face.
Suddenly, it had American rivals in foreign skies, but no domestic network to help keep it competitive. The acquisition of Florida-based National Airlines in 1980, for an eye-watering $US437 million (about $US1.5 billion [$A2.3 billion] today), was a bid to redress this imbalance – but only loaded the company with a debt that would prove to be its undoing.
In the end, there were two fatal blows. The Gulf War of August 1990 to February 1991 would stamp on a suffocating Pan Am's throat, sending oil prices soaring just as demand for air travel fell sharply with a nervous public; the airline would file for bankruptcy on January 8, 1991, seven weeks before the guns fell silent in Operation Desert Storm.
In truth, though, Pan Am had not recovered from the Lockerbie Disaster. The bombing of Flight 103 on December 21, 1988 sent 270 people to their graves, tragedy crashing down onto the shocked Scottish town in the week before Christmas. The image of Clipper Maid of the Seas, its broken cockpit disembodied on Tundergarth Hill, would become as inerasably linked to the airline as any sepia photograph of first-class fizz and 1960s style.
Loading
Maybe, just maybe, this latest comeback will be for good. In the meantime, Pan Am's newest reincarnation will offer another sophisticated adventure next year – a grand jaunt out of San Francisco, slated for take-off in April 2026, with landings in Japan, Cambodia, Singapore, Australia (in Sydney), New Zealand and Fiji. The cost – a mooted $US94,495 – will not be to everyone's tastes, or pockets. But perhaps you cannot put a price on history.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

A China shock 2.0 is emerging to rock America
A China shock 2.0 is emerging to rock America

The Age

time34 minutes ago

  • The Age

A China shock 2.0 is emerging to rock America

Yet instead of pursuing the policies needed to meet this threat head-on, the MAGA agenda is heavily focused on fighting the last war – on bringing manufacturing jobs lost to China and elsewhere back to the US. The challenge, Autor and Hanson argue, is not that of attempting to resuscitate the industrial might of a bygone age, but ensuring that the US is front and centre of the new technologies and able to convincingly harness them to its own ends. This endeavour is not obviously helped by Trump's scattergun approach to tariffs, punishing friend and foe alike, his propensity to alienate rather than co-operate with allies, the stupefying attacks on scientific research and the repudiation of foreign talent – once the very lifeblood of American advancement. Nor is it helped by the administration's casual disregard for the great asset of dollar hegemony which, bizarrely, Stephen Miran, Trump's chief economic adviser, seems to regard as in some way partly responsible for America's de-industrialisation. An administration seemingly hell-bent on fiscal ruin, and on weakening the dollar for the purposes of making US goods more competitive, doesn't exactly inspire international confidence in the dollar as a reserve currency asset. Loading China, by contrast, is investing heavily in the digital yuan as a way of internationalising its own currency, of offering an alternative to the fool's gold of cryptocurrency and of usurping the dollar for cross-border payments. Already, it is making steady progress. Why any longer should Brazil use the dollar for selling soybeans to China when Trump threatens the country with punitive tariffs for the sin of prosecuting his friend, Jair Bolsonaro, the former Brazilian president? Why indeed should it employ the dollar at all when the US regularly uses its power for extraterritorial purposes? In the developing world, Western influence is waning fast; China has been quick and single-minded at moving into its place. China has many problems and challenges, from the demographic to the still-deflating credit and property bubbles. But its catch-up and overtake approach to the technologies of the future is already paying big dividends. As, too, is the aggressive expansion of China's universities sector, originally begun under Jiang Zemin's presidency in the late 1990s, and heavily focused on Stem (science, technology, engineering and mathematics) subjects. According to the Australian Strategic Policy Institute (ASPI), the US-led China in 60 of 64 frontier technologies as recently as 2007, judged by share of the world's most-cited research, while China led the US in three. However, by 2023, these rankings were reversed, with China leading in 57 of 64 key technologies, and the US in seven. 'China has built the foundations to position itself as the world's leading science and technology superpower, by establishing a sometimes stunning lead in high-impact research across the majority of critical and emerging technology domains,' the ASPI says. All of the world's top 10 research institutions in some technologies are based in China, and are already collectively generating nine times more high-impact research papers than the second-ranked country (most often the US). The potential threat from Chinese AI is too great to ignore. Now, globally recognised companies at the forefront of their industries – such as Huawei in telecommunications, BYD in electric vehicles and Longi in solar wafers – have come from nowhere in less than 30 years to achieve world-leading positions. Industrial policy in China has, moreover, deliberately targeted key choke points in the supply chain, such that the US was this week forced to abandon its ban on the export of H20 Nvidia chips to China in return for China lifting similar export restrictions on the rare earth minerals vital to many hi-tech industries. The Nvidia ban was completely pointless in any case, serving only to turbocharge Chinese attempts to develop alternatives. Autor and Hanson suggest that the correct response to the China 2.0 shock is for the US to act in unison with commercial allies such as the EU, Japan, Canada, the UK, Australia and South Korea. Loading Counter-intuitively, Chinese companies should also be encouraged to set up production facilities in the US and elsewhere, rather similarly to the way that China once enticed Western companies to do the same in China as a way of speeding up technology transfer. Replicating Chinese industrial policy by aggressively promoting innovation in new fields, as happened in America and Europe during the Second World War, could also help narrow China's lead. It scarcely needs saying that Trump's America is at present doing the opposite of all these things. But just because Trump has got his head buried in the sand doesn't mean other nations should do the same. The potential threat from Chinese AI is too great to ignore. If China gets there first, it will reshape the world in its own image, and 'the end of history' will look very different from the one outlined by Francis Fukuyama back in 1992, when he declared the final triumph of liberal democracy.

A China shock 2.0 is emerging to rock America
A China shock 2.0 is emerging to rock America

Sydney Morning Herald

time34 minutes ago

  • Sydney Morning Herald

A China shock 2.0 is emerging to rock America

Yet instead of pursuing the policies needed to meet this threat head-on, the MAGA agenda is heavily focused on fighting the last war – on bringing manufacturing jobs lost to China and elsewhere back to the US. The challenge, Autor and Hanson argue, is not that of attempting to resuscitate the industrial might of a bygone age, but ensuring that the US is front and centre of the new technologies and able to convincingly harness them to its own ends. This endeavour is not obviously helped by Trump's scattergun approach to tariffs, punishing friend and foe alike, his propensity to alienate rather than co-operate with allies, the stupefying attacks on scientific research and the repudiation of foreign talent – once the very lifeblood of American advancement. Nor is it helped by the administration's casual disregard for the great asset of dollar hegemony which, bizarrely, Stephen Miran, Trump's chief economic adviser, seems to regard as in some way partly responsible for America's de-industrialisation. An administration seemingly hell-bent on fiscal ruin, and on weakening the dollar for the purposes of making US goods more competitive, doesn't exactly inspire international confidence in the dollar as a reserve currency asset. Loading China, by contrast, is investing heavily in the digital yuan as a way of internationalising its own currency, of offering an alternative to the fool's gold of cryptocurrency and of usurping the dollar for cross-border payments. Already, it is making steady progress. Why any longer should Brazil use the dollar for selling soybeans to China when Trump threatens the country with punitive tariffs for the sin of prosecuting his friend, Jair Bolsonaro, the former Brazilian president? Why indeed should it employ the dollar at all when the US regularly uses its power for extraterritorial purposes? In the developing world, Western influence is waning fast; China has been quick and single-minded at moving into its place. China has many problems and challenges, from the demographic to the still-deflating credit and property bubbles. But its catch-up and overtake approach to the technologies of the future is already paying big dividends. As, too, is the aggressive expansion of China's universities sector, originally begun under Jiang Zemin's presidency in the late 1990s, and heavily focused on Stem (science, technology, engineering and mathematics) subjects. According to the Australian Strategic Policy Institute (ASPI), the US-led China in 60 of 64 frontier technologies as recently as 2007, judged by share of the world's most-cited research, while China led the US in three. However, by 2023, these rankings were reversed, with China leading in 57 of 64 key technologies, and the US in seven. 'China has built the foundations to position itself as the world's leading science and technology superpower, by establishing a sometimes stunning lead in high-impact research across the majority of critical and emerging technology domains,' the ASPI says. All of the world's top 10 research institutions in some technologies are based in China, and are already collectively generating nine times more high-impact research papers than the second-ranked country (most often the US). The potential threat from Chinese AI is too great to ignore. Now, globally recognised companies at the forefront of their industries – such as Huawei in telecommunications, BYD in electric vehicles and Longi in solar wafers – have come from nowhere in less than 30 years to achieve world-leading positions. Industrial policy in China has, moreover, deliberately targeted key choke points in the supply chain, such that the US was this week forced to abandon its ban on the export of H20 Nvidia chips to China in return for China lifting similar export restrictions on the rare earth minerals vital to many hi-tech industries. The Nvidia ban was completely pointless in any case, serving only to turbocharge Chinese attempts to develop alternatives. Autor and Hanson suggest that the correct response to the China 2.0 shock is for the US to act in unison with commercial allies such as the EU, Japan, Canada, the UK, Australia and South Korea. Loading Counter-intuitively, Chinese companies should also be encouraged to set up production facilities in the US and elsewhere, rather similarly to the way that China once enticed Western companies to do the same in China as a way of speeding up technology transfer. Replicating Chinese industrial policy by aggressively promoting innovation in new fields, as happened in America and Europe during the Second World War, could also help narrow China's lead. It scarcely needs saying that Trump's America is at present doing the opposite of all these things. But just because Trump has got his head buried in the sand doesn't mean other nations should do the same. The potential threat from Chinese AI is too great to ignore. If China gets there first, it will reshape the world in its own image, and 'the end of history' will look very different from the one outlined by Francis Fukuyama back in 1992, when he declared the final triumph of liberal democracy.

Regulator zeros in on Bally's Star rescue deal
Regulator zeros in on Bally's Star rescue deal

AU Financial Review

time34 minutes ago

  • AU Financial Review

Regulator zeros in on Bally's Star rescue deal

Star Entertainment's rescue plan could be under threat with the NSW casino regulator warning it will closely examine the finances and leadership of Bally's Corporation before allowing it to take control. The American gaming giant will control Star, which operates casinos in Sydney, Brisbane and the Gold Coast, after providing a $300 million lifeline earlier this year. It has already flagged its intention of overhauling management as part of a turnaround plan and Bally's chairman Soo Kim is expected to join the board of the ASX-listed gaming group.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store