Pritzker: Just Browsing At Pan Am?
Chicago investor Jay Pritzker has joined the list of shoppers looking to buy all or parts of bankrupt Pan American World Airways. Sources close to the airline say Pan Am's unsecured creditors' committee invited the former Braniff investor to take a look. Meantime, talks with Delta have heated up. And United, which bought Pan Am's London routes, is perusing the books, too.
Sources say that Pan Am Chairman Thomas Plaskett is pressing to sell the company whole. But most of the shoppers appear to be interested only in the carrier's North Atlantic or Latin America routes. Given Pan Am's precarious position, Plaskett and his creditors will likely take what they can get.