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On February 1, 1967, Braniff International merged with Pan American Grace Airways, also known by the trade name Panagra. Braniff purchased the 39-year-old South American West Coast airline for US$30 million from its two owners, W. R. Grace and Company and Pan American World Airways, Inc..
The new company, Pan American Grace Airways, Inc., was jointly and equally owned by both Pan American World Airways, Inc., and W. R. Grace and Company, the largest shipping company in South America.
- INFO@BRANIFFINTERNATIONAL.COM
During 1930, the Colombian airline SCADTA (now AVIANCA), and NYRBA (New York, Rio, & Buenos Aires Airline) were acquired (bringing many qualified personnel, nearly 30 almost new multi-engined planes, and the Panair Do Brasil subsidiary).
On February 1, 1967, Braniff International merged with Pan American Grace Airways, also known by the trade name Panagra. Braniff purchased the 39-year-old South American West Coast airline for US$30 million from its two owners, W. R. Grace and Company and Pan American World Airways, Inc..
- International from The Start
- Latin-American Adventures
- Further Expansions
- Rise of The Jumbo
- A Shift in The Market
- All Good Things Come to An End
Pan Am's story began on March 14th, 1927, when it was founded by US Air Corps majors Henry H. "Hap" Arnold, Carl A. Spaatz and John Jouett. The three men were looking to provide a counterbalance to SCATDA, a German-owned Colombian outfit, which went on to become part of Avianca. Before taking people to the skies, Pan Am was in the business of airma...
Even though the three Army officers founded the airline, it was the leadership of entrepreneur Juan Trippe that helped transform it into an aviation powerhouse. Then known as Aviation Corporation of the Americas, it combined with the Grace Shipping Company in 1928 to form Panagra -a shortening of "Pan American-Grace Airways". Over the next few year...
Pan Am soon diverted its attention to Europe. On March 30th, 1939, a Boeing 314 was piloted by Harold E. Gray to perform the carrier's first-ever transatlantic passenger flight. The plane left Baltimore for the Horta in the Azores before performing a second leg to Lisbon. After World War II, the airline officially changed its name to the familiar t...
Soon the increase in demand for longer-distance operations during the 1960s meant that larger aircraft were needed. Trippe initially planned for a double-deck version of the single-aisle 707. However, Boeing managed to swing the direction of the design to give birth to the first-ever widebody in the form of the legendary 747. Its almost vertical si...
This prosperity eventually led to developments that would turn out to be critical for Pan Am. Several firms wanted to get a slice of the aviation market's boom. However, existing laws made it hard for new companies to break into the industry. President Jimmy Carter tackled this issue by introducing the Airline Deregulation Act in 1978. This removed...
Subsequently, Pan Am filed for bankruptcy protection in January 1991. Acquiring Pan Am's transatlantic routes prior to Pan Am's collapse, Delta Air Lines claims that the firm was losing $3 million per day during the latter part of that year. Despite revival attempts, the airline was shut down once and for all on December 4th, with around 7,500 memb...
- Managing Editor
Jun 10, 2022 · Panagra was formed by Pan Am & W.R Grace & Company by the merger of Peruvian Airways and Chilean Airlines on 13/Sep/1928 and commenced operations on 12/Oct/1929. The mail contract was awarded to the airline for the route between the Canal Zone and Argentina.
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Jul 4, 2023 · September 10, 1928. Peruvian Airways, Inc., is formed and becomes the new joint corporation formed between Pan American and W. R. Grace and Company. Both companies contributed $25,000 USD in capital to Peruvian Airways, forming a 50/50 partnership.
