0236 73
RESOLUTION NO. 2 3 6 - 7 9
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JACKSONVILLE,
ARKANSAS, GOING ON RECORD AS FAVORING THE PROPOSED MERGER OF PAN
AMERICAN AIRWAYS WITH NATIONAL AIRLINES
WHEREAS, Pan American World Airways, Inc., has proposed to
the Civil Aeronautics Board a corporate merger with National
Airlines; and
WHEREAS, should the merger receive approval it will allow
Pan American to expand its services in the growing Sun Belt market
and stimulate airline competition; and
WHEREAS, Arkansas, as a part of the Sun Belt region, main-
tains a close association with Pan American through the Falcon Jet
Corporation at Little Rock, which is fifty percent owned by the
Pan American Corporation; and
WHEREAS, through this close affiliation, over 690 jobs have
been created at the Falcon Jet plant at Little Rock, which main-
tains an annual payroll of more that $7.4 million; and
WHEREAS, the Chairman of the Board and Chief Executive
Officer of Pan American, Mr. William Seawell, is a native Arkansas
who has expressed a direct, personal commitment to the state's
continued economic development and maintains a close association
with many of the state's business leaders; and
WHEREAS, the proposed Pan American merger could have a
favorable impact on the company's growth and investment at Little
Rock;
NOW THEREFORE BE IT RESOLVED, that the City Council of
Jacksonville, Arkansas, go on record as favoring the proposed
merger of Pan American Airways with National Airlines, and
BE IT FURTHER RESOLVED, that copies of this resolution be
presented to the Civil Aeronautics Board and Pan American Airlines,
and a copy placed in the permanent records of the minutes of the
City Council of Jacksonville, Arkansas.
WITNESS our hands and seals the 15th day of February, 1979.
A
ATTEST:
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(( &VI CLERK APPROVED AS TO FORM:
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PAUL D. GROCE, City Attorney