Monday, May 22, 2017

Pan Am seems to have been getting a raw deal in the mid 1970s

On September 23, 1974, a group of Pan Am employees published an advertisement in The New York Times to register their disagreement over federal policies which they felt were harming the financial viability of their employer.

 The ad cited discrepancies in airport landing fees, such as Pan Am paying $4,200 to land a plane in Sydney, while the Australian carrier, Qantas, paid only $178 to land a jet in Los Angeles.

The ad also contended that the United States Postal Service was paying foreign airlines five times as much to carry U.S. mail in comparison to Pan Am.

Finally, the ad questioned why the Export-Import Bank of the United States loaned money to Japan, France, and Saudi Arabia at 6% interest while Pan Am paid 12%

https://en.wikipedia.org/wiki/Pan_American_World_Airways

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