Pan Am International Flight Academy Purchased by All Nippon Airways

     Pan Am International Flight Academy Purchased by All Nippon Airways

PR Newswire

MIAMI, Aug. 23, 2013

MIAMI, Aug. 23, 2013 /PRNewswire/ -- Pan Am International Flight Academy and
Pan Am Holdings, Inc. (collectively "Pan Am") announced today it has been
purchased by ANA Holdings, the parent company of All Nippon Airways Co. Ltd,
one of the leading airlines in the world. Former owner, American Capital, Ltd
sold Pan Am, held in its portfolio since 2006 in an agreement reached today.

The combination of Pan Am and All Nippon Airways makes for a strong
partnership and positions the new entity to meet the increasing demand for
trained pilots worldwide. Pan Am is one of the world's largest independent
providers of flight simulation and aviation training services and has the
second largest number of flight simulators used for training. Airlines and
individuals from across the globe, including North and South America, Europe
and Asia rely on Pan Am for flight training services.

All Nippon Airways plans to expand Pan Am into Asia by providing training to
other Asian airlines, partner firms and subsidiaries. With air travel expected
to double within the next 30 years, and much of the growth occurring in Asia,
the company is poised to capture opportunities and create an additional source
of steady revenue for the Airline.

Pan Am CEO, Mr. Vito Cutrone states, "This is a very exciting time for Pan Am.
We feel certain that working with our new owners at ANA will bring new and
profitable opportunities for Pan Am's continued growth, and particularly new
opportunities for the employees of Pan Am."

Pan Am International Flight Academy, headquartered in Miami, FL, has its
origins in Pan American World Airways as its original training division, and
operates under one of the most recognized brands in the world. The company
provides flight simulation and training on all the leading aircraft types,
operating nine training facilities in the U.S. and abroad, with more than 200
aviation training programs available. The company welcomes inquiries and
interviews. For information on Pan Am International Flight Academy, please

Contact:     Gregory Darrow
Home Office: 303-394-2118
Cellular:    720-341-9357

Additional resources:

SOURCE Pan Am International Flight Academy

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