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" "Unfortunately, the real tailspin he’d passed on so he never saw the company go down. He died in 1981 so he never saw the company fail. In his final years if someone told him this company was going to go under, he wouldn’t have believed it.
Juan Terry Trippe (June 27, 1899 – April 3, 1981) was an American commercial aviation pioneer, entrepreneur and the founder of Pan American World Airways, one of the iconic airlines of the 20th century.
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Trippe had been a continuous innovator, but the sad irony is that he failed to re-invent his company for the leaner, far more competitive age he had done so much to shape: the age of travel for Everyman. A decade after his death, his airline, substantially dismembered, finally expired in 1991. [...] Throughout his career, Juan Trippe had been driven by the great American instinct for seeing a market before it happened–and then making it happen. In a real sense, he fathered the international airline business. To do so, he took on the entire airline industry, and risked his company to see his vision through. You’ve just got to admire a guy like that.
We must preach the gospel, 'Go abroad set up new businesses, bring in the other fellow as a local partner, be it a shoe factory, a supermarket, a sales outlet, an assembly plant, a hotel, or a local airline.' We know know that whatever community, whatever nation we may belong to as citizens, we are residents of this earth: that we are bound together and will be increasingly bound together, as we make greater and better use of the air, in a common fate: the fate of this small planet which to all of us is home. Because of aviation, men are beginning to think of themselves and of their earth in different terms -- terms which make war -- ultimate war -- less and less acceptable.
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Thirty-five years ago America gave the world the airplane. But other nations developed it. Soon after the world war, the great transports of European nations were flying over age-old trade routes to Asia, Africa, and South America to assure for the countries a greater share of the world’s commerce. For many years America only watched.