Pan American names new CEO and President for airline
IMMEDIATE RELEASE - Pan American Airways Corporate
"We believe that Mark’s combination of airline industry and restructuring experience makes him uniquely well suited for the task at hand. Placing Pan American in Mark’s capable care affords the opportunity to fully focus our time and energy on the primary airline segment of our business."
Pan American Airways Global today announced that Mark Vance will join the Company as CEO and President of Pan Am Airways effective immediately. In assuming these positions, Vance will also assume an active voice on the Pan American Airways Global Board of Directors while serving as a lead independent executive for the new airline.
Vance’s appointment is another step towards the goal of making the Pan Am Airways a viable, strong and independent business for the 21st century. Vance and the core cadre of executive management will be based at Pan American’s headquarters in Manhattan, New York.
Vance comes to Pan American with a wealth of relevant airline and managerial experience. Vance previously served as CEO of INFINITE ENERGY and The Air Commerce Institute, and subsequently served in key operational roles while employed at US Airways and Piedmont Airlines.
"Mark is an incredible talent with the skills to lead Pan American during its positioning and transformation into a profitable and leaner carrier," said James Marshall, Chief Operating Officer of Pan American Airways Global Holdings, Inc. "We believe that Mark’s combination of airline industry and restructuring experience makes him uniquely well suited for the task at hand. Placing Pan American in Mark’s capable care affords the opportunity to fully focus our time and energy on the primary airline segment of our business."
Pan American also announced the addition of new senior officers for Pan American Airway’s commercial team among other changes in the executive leadership.
Michael Cronin has joined Pan American as General Counsel for the corporation. Cronin will work closely with Vance and Pan American’s Board in achieving Pan American‘s industry independence, as well as defining opportunities to ensure stability and growth for the Company.
James Marshall has been promoted to the role of Chief Operating Officer for Pan American Airways Global and will have responsibility for all operational activities concerning the cadre of products and services for Pan American Airway’s global brand definition. Marshall, a 25 year veteran of Pan American joined the driving force of the holding company as Vice President of Operations and Planning in 2012.
About Pan Am Airways
Pan Am Airways is a divisional subsidiary of Pan American Airways Global Holdings, Inc. (Paaglobal), an airline holding company that also owns Pan American Global Airways, BluSky Airlines, Grace Air, Pan Am Charters, and Pan Am Clipper Cargo. Pan Am Airways plans to offer service to various destinations in the United States, Mexico, South America, and the Caribbean.
Statements in this press release regarding Pan American Airways Global Holding's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, should be directed to investor relations through ir@paaglobal.com.
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