PAN AM IS SELLING OVERSEAS ROUTES AND ITS SHUTTLE
Pan Am, the nation's pioneer in commercial aviation, all but gave up its long fight for survival yesterday by agreeing to sell the European, Asian and African routes that helped make it famous, as well as its East Coast shuttle. The buyer is Delta Air Lines, the nation's third-largest carrier behind American and United. If the $260 million deal is completed, Delta will join a handful of other carriers with vast international route networks that are expected to dominate the industry in the next decade.