Pan Am Systems

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Pan Am Systems
Type Private
Industry rail transport
manufacturing and energy
transportation related brands
real estate
Founded 1977 (as Guilford Transportation Industries)
Founder(s) Timothy Mellon
Headquarters Portsmouth, New Hampshire, United States of America
Subsidiaries Pan Am Railways
Pan Am Southern (50%)
Pan Am Services
Pan Am Brands
Perma Treat Corp.
Aroostook & Bangor Resources
NorthPoint

Pan Am Systems (formerly Guilford Transportation Industries) is a privately held company that controls the following divisions: rail transport; manufacturing and energy; transportation related brands; real estate; and a now-defunct airline division. The company is headquartered in Portsmouth, New Hampshire,[1] in the United States.

History[edit]

Guilford Transportation Industries

Guilford Transportation Industries (GTI) was formed in 1977.[2] GTI entered the railroad business in 1981 with its purchase of the Maine Central Railroad from U.S. Filter Corporation. This was followed by its 1983 purchase of the Boston & Maine Railroad, and in 1984 it purchased the Delaware & Hudson Railway (D&H). In 1988, GTI declared D&H bankrupt. D&H employees took it over, with the New York, Susquehanna & Western Railway managing it. The employees then sold out in 1991 to the Canadian Pacific Railway.

GTI purchased the name, colors, and logo of Pan American World Airways in 1998. In March 2006, GTI changed its name to Pan Am Systems.

The company is privately owned by Timothy Mellon, an heir to the Mellon banking fortune, and several other stakeholders including former Penn Central employee David Fink and son David A. Fink.

Divisions[edit]

Air[edit]

Clipper Guilford, a Boeing 727 operated by Boston-Maine Airways.
Tail section of Clipper Guilford.
  • Pan American Airways, the defunct fully certified airline, which was relinquished on November 1, 2004.
  • Boston-Maine Airways/Pan Am Clipper Connection, the formerly certified airline, which operated charter and scheduled passenger airline services between the northeastern United States and Florida and the Caribbean under the Pan Am Clipper Connection brand. In February 2008 the U.S. Department of Transportation proposed the revocation of Boston-Maine's air carrier certification, as it "is not financially fit and does not possess the managerial competence to conduct any air transportation operations and has failed to comply with the regulations governing its operations." [3] Services ended February 29, 2008.

Manufacturing and energy[edit]

  • Aroostook & Bangor Resources, Inc., recycles used railroad ties to generate electricity.[5]
    • Facilities in Mattawamkeag, Maine.

Rail[edit]

A Pan Am locomotive.
A Pan Am boxcar.

Real estate[edit]

Transportation-related brands[edit]

  • Pan Am Brands, distributor of consumer goods bearing the Pan Am logo.[7]

See also[edit]

References[edit]

  1. ^ Pan Am Systems, Inc. - Company profile from Hoover's
  2. ^ a b Pan Am company newsletter, January 2006
  3. ^ DOT ready to pull Boston-Maine's license to fly
  4. ^ Pan Am Services
  5. ^ Profile of David A. Fink
  6. ^ "Guilford Xpress, Vol. 15, Issue 7". 
  7. ^ Pan Am Brands
  8. ^ "Licensing". Pan Am. Retrieved 25 September 2011. 
  9. ^ Schneider, Michael (September 20, 2010). "Pilot flies Pan Am". Variety. Retrieved May 16, 2011. 

External links[edit]