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Fly Me While You Can Who cares about Paris, Cairo, or Tokyo? The new Pan Am can whisk you away to Bangor.
By Bob Parks

(Business 2.0) – Fueled by images of jet-set glamour found in Leonardo DiCaprio's Catch Me if You Can, one faded airline brand is enjoying a retro-chic renaissance: Pan Am.

Once synonymous with stylish travel to exotic destinations, Pan Am stopped flying in 1991. Or so most travelers think. Yet it's not too late to take to the skies on planes emblazoned with Pan Am's blue globe--if you want to fly, say, from Sanford, Fla., to Bangor, Maine.

Talk about exotic. In 1998 banking heir Timothy Mellon and his business partner, David Fink, paid $28.5 million for the right to use Pan Am's iconic trademarks. Operating from a decommissioned Air Force base in Portsmouth, N.H., the revived Pan Am fleet now includes 22 turboprops and just as many Boeing 727s.

But with the industry in crisis, could Pan Am disappear again? Layoffs have reduced the workforce by 40 percent, and the company shut down entirely for the month of January to cut costs. Flights were set to resume in mid-February, but you'd best buy your tickets soon--it takes more than just nostalgia to keep an airline aloft. --BOB PARKS