What airlines replaced Pan american Airlines when it went out of business in 1991?

Question:
Why did Pan Am shut down and what would it have been like if it was still around?

Answers:

Pan American World Airways, commonly known as Pan Am, was the principal international airline of the United States from the 1930s until its collapse in 1991. Originally founded as a seaplane service out of Key West, Florida, the airline became a major company credited with many innovations that shaped the international airline industry, including the widespread use of jet aircraft, jumbo jets, and computerized reservation systems. Identified by its blue globe logo and the use of the word "Clipper" in aircraft names and call signs, the airline was a cultural icon of the 20th century, and the unofficial flag carrier of the United States.[1]

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Pan Am went through two reincarnations after 1991. The second Pan Am operated from 1996 to 1998 with a focus on low-cost, long-distance flights between the U.S. and the Caribbean. The third incarnation based in Portsmouth, New Hampshire, ceased operations in 2004. (Boston-Maine Airways, a sister company of the third incarnation, still operates the Pan Am Clipper Connection brand.) Except for the second incarnation, whose IATA airline designator was PN, Pan Am still used the IATA code PA and the ICAO code PAA, though neither incarnation had a relationship to the original Pan Am. The third incarnation also had no relationship to the second incarnation of the mid-1990s

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No airline replaced Pan Am.

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It shut down for a variety of reasons, including cash levels and the effects of deregulation.

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PA sold their Pacific Assets to United along with some 747SPs and L-1011s.

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PA sold their Euro Assets to Delta along with A310s and 727s.