It sure looks like it. They have pulled out of Sanford, Florida and shut ddown their routes to Puerto Rico. They now now only operate from a handful of places mostly using JetStreams with the exception being 727 service to Tunica from Atlanta. If you go to www.panamservices.com, you will see they they are selling 5 727s as well as other misc. equipment. If you have a spare $1.425 million, you too could the proud owner of a 727!
I highly doubt that this is because they are getting newer aircraft and more likely in response to the FAA denying their request to fly other aircraft. The Sanford pullout is pretty surprising as that was pretty lucrative for them at least in terms of getting case, not a profit! Stay tuned!
I highly doubt that this is because they are getting newer aircraft and more likely in response to the FAA denying their request to fly other aircraft. The Sanford pullout is pretty surprising as that was pretty lucrative for them at least in terms of getting case, not a profit! Stay tuned!
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