Founded in 1927, the airline would be 91 had it survived to the present day. Instead, it ceased operations in 1991 at 64 years old, due to bankruptcy. The Pan Am name lives on, however, and has now been adopted by a private rail transport company.
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KLM, officially known as KLM Royal Dutch Airlines, holds the prestigious title of being the oldest airline in the world still operating under its original name. Founded on October 7th, 1919, by a visionary group led by Dutch pilot Albert Plesman (1889–1953), KLM has a rich history that spans over a century.
The airline began selling its assets, including its lucrative Pacific routes and the famous Pan Am Building in New York. The bombing of Pan Am Flight 103 over Lockerbie, Scotland, in 1988 dealt a further blow. America's leading international carrier since 1928, Pan American ceased flying in December 1991.