PAN AM &lt;PN> SETS PACIFIC SATELLITE STAKE SALE
  &lt;Johnson Geneva U.S.A.> said it has
  agreed to buy Pan Am Corp's 50 pct holding in their joint
  venture company, Pan Am Pacific Satellite Corp, for undisclosed
  terms.
      Johnson Geneva said Pan Am divested owership in the project
  as part of a corporate restructuring plan, but will continue to
  provide engineering services on a contract basis.
      Johnson Geneva said the buy out was accomplished through
  &lt;Onpraise Ltd>, a Hong Kong company controlled by Johnson
  Geneva Chairman Michael Johnson. Funds have been provided by
  Onpraise to increase the satellite company's working capita.
  

