Pan American Airways Adds Additional Flights to Puerto Rico Service

Second Daily Round Trips Will Connect Orlando Sanford, Florida With San Juan, Puerto Rico Beginning in May 2001

PORTSMOUTH, N.H.--(BUSINESS WIRE)--April 24, 2001--In response to market demand, Pan American Airways will add a second daily round trip flight between the Orlando Sanford International Airport and San Juan, Puerto Rico. Pan Am originally announced the Puerto Rico service in January. The schedule will begin on May 24, 2001, and the second flight will commence on May 30th.

The route will be operated as a part of a strategic relationship between Pan Am, Carlson Wagonlit Travel-Turavia's San Juan office and Expert Travel of Altamont Springs, Florida. The route partnership provides the opportunity to promote travel packages in conjunction with Pan Am's scheduled services.

Dave Fink, President of Pan Am, said, ``The combination of strong passenger interest in Pan Am and our Orlando Sanford facility as well as a great working relationship with Carlson Wagonlit and Expert Travel has made the San Juan market a success even before the first flight has taken off.'' Fink added, ``We are especially encouraged by the volume of traffic that originates from Worcester and other cities we serve which will connect to San Juan through Orlando.''

Pan Am's San Juan reservations are available at www.flypanam.com as well as at 1-800-FLYPANAM, and at www.carlsontravelpr.com or 1-787-281-8283.

Dan Fortnam, Pan Am's Vice President of Marketing, said, ``I'm pleasantly surprised by large volume of reservations Pan Am is seeing in the San Juan market. I attribute a meaningful part of this to our competitive pricing and the fact that we will offer passengers a convenient alternative airport. In addition, our Clipper Class aircraft has been reconfigured to designed to add comfort and civility to the trip is helping to sell this route.''

Schedules

Scheduled passenger service between Orlando Sanford International Airport and San Juan International Airport will begin on May 24, 2001. The initial schedule will be as follows:

All times are local:

Depart San Juan                        Arrive Orlando Sanford
10:20   Except Tue                      1:10    Except Tue
18:10   Except Tues, Fri, & Sat.        2:21    Except Tues, Fri,& Sat
 8:55   Fri. & Sat.                    23:54    Fri. & Sat

Pan Am Clipper fare structure does NOT require a round trip purchase, Saturday night stay, or advance purchase.

About Pan Am

The original Pan Am, founded in the late 1920's by Juan Trippe, set the standard for modern air travel worldwide as the operator of the famous Pan Am Clippers and, later, as the first to fly the Boeing 747. Along the way, Pan Am's blue globe became one of the most recognized logos in the world.

The owners of New Hampshire-based Guilford Transportation Industries acquired the new Pan Am in June of 1998. The new owners relocated the company's headquarters from Ft. Lauderdale to Portsmouth in December of 1998. At Portsmouth, the company operates a 220,000 square foot maintenance facility, as well as other aviation-related businesses.

Pan Am currently provides scheduled passenger service to Boston and New England through Portsmouth, NH, Gary/Chicago and Orlando/Sanford, Pittsburgh, Bangor, ME, Lehigh Valley International Airport (Allentown, PA), Mid America-St. Louis, and Worcester, MA. Beginning in May 2001, Pan Am will provide scheduled service to San Juan, Puerto Rico.