Pan Am's shutdown costs Caterair 3% of its sales

Nation's Restaurant News, Dec 16, 1991

POTOMAC, Md. -- Caterair International, an in-flight feeder based here and longtime vendor to Pan Am, reported that it lost 3 percent of its worldwide sales when the beleaguered airline was recently forced to cease operations.

The loss was slight because much of Caterair's services to Pan Am were picked up by other airlines, like Delta, which purchased Pan Am routes as the company sold off assets, said Bill Rolle, Caterair's spokesman.

Pan Am ceased operations in early December after trying unsuccessfully to emerge from Chapter 11 bankruptcy protection. Caterair had contracted its services to the airline for more than 40 years.