**************************** PAN AMERICAN AIRWAYS GLOBAL UPDATE************************************* FOR IMMEDIATE RELEASE: MANHATTAN, NY PAA GLOBAL HOLDINGS CORPORATE - WEDNESDAY, MAY 7TH, 2014/1800 HRS WE REGRET TO INFORM OUR FOLLOWING MEMBERS AND AUDIENCE THAT EFFECTIVE IMMEDIATELY, PAN AMERICAN AIRWAYS GLOBAL HAS ELECTED TO CEASE ALL OPERATIONS AND FURTHER PLANS FOR SERVICE THAT CALL FOR MARKET REENTRY SCHEDULED FOR Q3 OF 2014. THE LAST DAY OF SCHEDULED BUSINESS FOR PAN AMERICAN AIRWAYS GLOBAL HOLDINGS IS SET TO CONCLUDE EFFECTIVE 12 MIDNIGHT, MAY 9TH 2014. WE REGRET THIS MOST UNFORTUNATE SETBACK IN PLANS, AND ENCOURAGE EVERYONE TO CONTINUE TO SUPPORT ALL VENUES OF PAN AM INTO THE FUTURE, OR FEEL FREE TO VISIT PANAM.COM FOR ALL YOUR MERCHANDISING NEEDS. THANK YOU