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In February 1967 Braniff, purchased Pan American-Grace Airways which was also known as Panagra from shareholders of Pan American World Airways and W. R. Grace, increasing its presence making it the leading US airline in South America. The merger was effective on February 1, 1967, and Panagra's remaining piston airliners were retired.
On Wednesday, February 1, 1967, Braniff International merged with Pan American Grace Airways, also known by the trade name Panagra. Braniff purchased the 39-year old South American West Coast airline for $30 million USD from its two owners, W. R. Grace and Company and Pan American World Airways, Inc.
- (214) 233-6473
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On February 1, 1967, Braniff International merged with Pan American Grace Airways, also known by the trade name Panagra. Braniff purchased the 39-year-old South American West Coast airline for US$30 million from its two owners, W. R. Grace and Company and Pan American World Airways, Inc..
On February 1, 1967, Braniff purchased Pan American-Grace Airways (known as Panagra) from shareholders of Pan American World Airways and W.R. Grace, increasing its presence in South America. The merger was effective on February 1, 1967, and Panagra's remaining piston airliners were retired.
Jul 5, 2023 · Braniff International announced that an agreement had been reached with New York City-based Pan American World Airways to purchase the fabled airline's ownership of Pan American-Grace Airways, Inc. After nearly 13 years of negotiation, Pan Am accepted Braniff's offer of a cash payment of $15 million USD for Pan Am’s 50-percent ownership in ...
- (214) 233-6473
- INFO@BRANIFFINTERNATIONAL.COM
Jun 10, 2022 · In 1967 Braniff, purchased Pan American-Grace Airways (known as Panagra) from shareholders of Pan American World Airways and W.R. Grace, increasing its presence in South America. The merger was effective on 01Feb1967.
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Earlier in the 1950s, Beard had proposed merging Braniff with Pan American Grace Airways, the largest U.S. airline operating in South America but resistance by the airline's half owner, Pan American, had scuttled the merger until 1967.
