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July 18, 1996|Times Staff and Wire Reports

Pan Am, Carnival Agree to Merge: The agreement "means that we get to do some of the things we described in our Pan Am plan a lot sooner," Pan Am President Martin Shugrue said. Miami-based Pan American World Airways, the start-up carrier that bought the name of the former Pan Am, has three planes and plans to fly initially to New York, Los Angeles and Miami. It is awaiting approval from government regulators to begin flights later this summer. Carnival, an 8-year-old airline based in Fort Lauderdale, Fla., has 26 planes and employs about 1,350 people. It flies to New York, Miami, Los Angeles and San Juan, Puerto Rico. Terms of the merger agreement were not disclosed.

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