November 13, 2000
Pan American Airways Begins Scheduled Passenger Service to Allentown, PA
Pan Am Announces Plans for Allentown to Orlando and Bangor beginning in January 2001

Contact:
Dan Fortnam or John Nadolny
(603) 766-2000

Portsmouth, NH: Pan American Airways today began scheduled passenger service with Lehigh Valley International Airport in Allentown, Pennsylvania and will serve routes with Chicago-Gary, Portsmouth-Boston and St. Louis Mid-America Airport. In addition, Pan Am announced that beginning in January of 2001, service would begin between Lehigh Valley and Orlando-Sanford International Airport and Bangor, Maine.

The Lehigh Valley International Airport serves a population base of 2.4 million people who live within 40 miles of the airport. This region includes northern New Jersey and the northern suburban areas of Philadelphia. In addition, center city Philadelphia is within 50 miles, and the Newark and New York markets are within a 1 hour 30 minute drive.

Pan Am also announced today that Clipper Class service between Lehigh Valley International Airport and Orlando-Sanford International Airport and Bangor, Maine will begin on FEBRUARY 10, 2001. The morning departure and late afternoon return with Orlando will be priced at $102.00 each way with no requirement for a round trip fare. The Bangor service will be priced at $102.00. Pan Am will deploy re-configured 727-200 Boeing aircraft on these routes. Reservations for all Pan Am flights can be made at www.flypanam.com or at 1-800-FLYPANAM. Additional details on Pan Am's Orlando service will be announced soon.

Dave Fink, Pan Am's President, said, "Pan Am sees the Lehigh Valley International Airport as a keystone to our growing service and route system." Fink added, "Adding this market to our Orlando-Sanford service will present a fantastic opportunity for leisure travelers who are looking for an affordable price and no hassle travel." Fink added, "We think we are starting our Allentown service at a very good time. With the onset of the holiday travel season, we are eager to show how the American travel experience can change from the congestion and delays found with over-crowded airports to an enjoyable and consumer friendly environment found with Pan Am at our metro-convenient airports."

Dan Fortnam, Pan Am's Vice President of Marketing, said: "The Lehigh Valley International Airport is exactly the type of facility Pan Am wants to work with. Our experience in other markets where we have provided travelers with a metro-convenient alternative to the major congested airports has been very positive. We believe that Pan Am and the Lehigh Valley International Airport have found exactly want the flying public wants - namely, to be treated as respected customers who want the travel experience to be efficient and hassle-free.

Schedule:

Initial scheduled service at Lehigh Valley International Airport will be as follows (all times local):

Lehigh Valley International Airport (Allentown) service with Portsmouth-Boston: Depart Portsmouth-Boston at
7:25 AM and arrive at Allentown at 8:40 AM. Returns will depart Allentown at 8:15 PM and arrive in Portsmouth-Boston at 9:30 PM.

Lehigh Valley International Airport (Allentown) service with Chicago-Gary: Depart Allentown at 9:10 AM and arrive at Gary-Chicago at 10:00 AM. Return service will depart Gary-Chicago at 4:50 PM and arrive at Allentown at 7:40 PM.

In addition to the city pairs outlined above, Lehigh Valley International Airport passengers can connect on Pan Am to St. Louis.

About Clipper Class Service:
An important element of Pan Am's marketing strategy for the Lehigh Valley is the deployment of Clipper Class Service. Fortnam detailed Clipper Class, stating, "When we set out to design our service, the challenge was to deliver a premium and enjoyable service at a competitive fare. The way to do that is to operate at underutilized airports and offer genuine service. Clipper Class will be defined by its attention to passenger conveniences, comfort, and avoidance of the hassles associated with airport congestion today." Fortnam added, "Beyond the benefits of non-congested airports, Clipper Class service will feature our reconfigured 727's, which have had the total number of seats reduced from 173 to 149, providing passengers with more space, comfort and increased leg room. Seating will be open ensuring quick boarding and prompt departures. In addition, each flight will have an extra flight attendant for more individualized service."

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, Bangor, ME, and Mid America-St. Louis.