Pan American World Airways established seventeen firsts in airline travel, including the first transpacific flights (from San Francisco to Manila) in 1936, using the famous China Clipper; the first transatlantic flights from New York City to Lisbon in 1939, aboard the Yankee Clipper; the first round-the-world flights (New York to New York, eastbound) in 1947; the first transatlantic jet service in 1958 with the Boeing 707, and by 1970 the first airline to use the Boeing 747.
In the Jet Age, Pan American, now referred to simply as Pan Am, faced growing challenges as international travel grew and U.S. airlines deregulated in the late 1970s. It competed with airlines expanding into foreign markets from extensive domestic routes by acquiring National Airlines in 1980. It did little to invigorate the airline with Pan Am ending in bankruptcy by the end of 1991.
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