Pan Am International Flight Academy Purchased by All Nippon Airways

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 visit: PanAmAcademy.com

Additional resources: http://online.wsj.com/article/PR-CO-20130822-909644.html
http://business.nikkeibp.co.jp/article/eng/20130805/251954/
http://www.prnewswire.com/news-releases/american-capital-receives-79-million-from-the-sale-of-pan-am-holdings-inc-and-generates-a-16-return-on-its-investment-220817571.html

SOURCE Pan Am International Flight Academy