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Growing Markets. A far greater concern is what happens after that. To help raise capital, Pan Am has sold off more than $40 million worth of its least efficient jetliners since 1972, but it can hardly keep that up much longer. In fact, to compete in growing markets such as New York-Tokyo, the airline will soon have to add to its fleet new, longer-range jets like the Boeing 7475P, which can serve those markets nonstop. Yet it may have trouble obtaining massive long-term financing for any new equipment until, as Seawell puts it, "we return to a sustained level of profitability and get some meat on our bones." One way Pan Am might accomplish that is by merging with another carrier and acquiring domestic routes, but it has unsuccessfully explored mergers with TWA, Eastern and American. For the time being, at least, it seems clear that Pan Am will have to continue the battle for sustained profitability on its own.