Pan American Airways III Pilot Hat Badge
After Pan Am II ceased operations, a new airline was established on June 29, 1998. Guilford Transportation Industries launched Pan American Airways with a fleet of seven Boeing 727s. This airline was nicknamed by some as "Pan Am III". The third incarnation began scheduled operations on October 7, 1999 and flew to nine cities in New England, Florida, the Canadian Maritimes and Puerto Rico. The focus was on secondary airports such as Orlando Sanford International Airport. Guilford ceased operating Pan American Airways on November 1, 2004, but operations were transferred to a subsidiary known as Boston-Maine Airways, which resumed Boeing 727 service under the Pan Am Clipper Connection brand from February 17, 2005. In 2006, Guilford changed its name to Pan Am Systems, and changed the name of its railway divisions to Pan Am Railways. Boston-Maine operated the airline service until February 29, 2008.