HEADLINE NEWS
Pan Am Must Sell Some Assets To Survive Weak Winter Season
NEW YORK Pan American World Airways will run out of cash before next summer unless it succeeds in selling its Latin American routes or some other assets, according to airline officials and industry analysts. Pan Am last week retained Paine Webber, the New York investment house, to arrange the sale of all or part of its Latin American division.
By JAMES T. MCKENNA7 min