35 years after declaring bankruptcy, Pan Am is returning to the skies—but there’s a catch

The company is flying again for the first time since 1991.
Sean Munger on MSN

Pan Am's Chapter 11, how the Delta rescue collapsed, a union leak tanked bookings, and an airline died three weeks before Christmas

In January 1991, Pan Am entered bankruptcy with no real exit plan and pinned its survival on a deal with Delta Airlines that ...