All Nippon Airways’ (ANA) $139.5 million acquisition of Pan Am International Flight Academy (Pan Am) in late August 2013 signaled to the industry one way to meet the increased demand for trained airline pilots and simultaneously enhance airline revenues through third-party training. While ANA’s acquisition of Pan Am might not yet indicate a major trend among airlines, the purchase appears to prove that training is a revenue stream in which ANA would like to fish. The news also ...

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