01 Mar 98 08:55, Jim Sanders wrote to All:
 JS>   Pan Am stays grounded as executives look for better bailout plan
 JS>      MIAMI - Feb 28, 1998 7:24 p.m. EST -- Pan Am rejected a $15
 JS>  million bailout offer Saturday, saying it would run charters and
 JS>  seek other funds before resuming commercial flights.
 JS>      The airline ran out of cash and canceled its weekend flights
 JS>  Thursday, claiming $50 million in assets and $147 million in debts.
This is a sad end for a once proud line.  Nobody did trans-oceanic like they 
did.
Jay
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