SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):MARCH 13, 1998
PAN AM CORPORATION
9300 N.W. 36TH STREET, MIAMI, FLORIDA 33178
305-873-3000
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Incorporation under the laws of the Commission File Number I.R.S. Employer Identification Number
STATE OF FLORIDA 0-23444 65-0450311
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On March 13, 1998, Pan Am Corporation, a Florida corporation (the
"Corporation"), and all of its subsidiaries that had previously not filed for
bankruptcy relief, filed voluntary petitions for relief under Chapter 11, Title
II of the United States Bankruptcy Code ("Chapter 11") with the United States
Bankruptcy Court for the Southern District of Florida, Miami Division. This
follows the filing of voluntary petitions under Chapter 11 on February 26, 1998
by the two major airline subsidiaries of the Corporation.
Chapter 11 of the United States Bankruptcy Code allows debtor entities
to remain as Debtors in possession of their assets and business while being
subject to the supervision and orders of the Bankruptcy Court.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
None
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
PAN AM CORPORATION
By:_______________________
John J. Ogilby, Jr.
Chief Financial Officer and
General Counsel
Dated: March 17, 1998
