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- BIA-COR Holdings, Inc., a group of Philadelphia, Pennsylvania, investors formed by the Paine Weber Group, forms BNAir, Inc, which is the entity that is used by the group to purchase the assets of Braniff, Inc., the second successor to Braniff Airways, Incorporated, and Braniff International Corporation.
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The assets of Braniff Hotels were transferred to the new Dalfort Corporation, which was the reorganized company created from Braniff Airways, Incorporated, and Braniff International Corporation, which was financed by the Hyatt Corporation. Eventually, the Driskill was sold to the Lincoln Hotel Corporation in 1985.
Braniff Airways, Incorporated, and Braniff International Corporation are reorganized as Dalfort Corporation and the reorganized company is financed by Hyatt Hotels founder Jay A. Pritzker, who has invested $117.6 million USD in capital in the new entity and owns 80-percent of the company.
- (214) 233-6473
- INFO@BRANIFFINTERNATIONAL.COM
Company profile page for Braniff Airways Inc including stock price, company news, executives, board members, and contact information.
May 12, 2023 · Braniff International Airways was founded in 1930 by brothers Paul R. and Thomas E. Braniff in Oklahoma City, Oklahoma. What started off as a small regional carrier providing passenger transport soon became a burgeoning airline after securing contracts for air mail routes.
- Senior Editor
Apr 23, 1990 · BIA-COR Holdings, Inc., a group of Philadelphia, Pennsylvania, investors formed by the Paine Weber Group, forms BNAir, Inc, which is the entity that is used by the group to purchase the assets of Braniff, Inc., the second successor to Braniff Airways, Incorporated, and Braniff International Corporation.
- (214) 233-6473
- INFO@BRANIFFINTERNATIONAL.COM
Sep 10, 2022 · By 1988, when BIA-COR Holdings, Inc. became the carrier’s new owner after a stock purchase agreement concluded with Dalfort Corporation, the third Braniff had become the 13th largest US airline in terms of revenue passenger miles (RPMs), serving 40 domestic destinations, as well as Nassau in the Bahamas.
In 1971 Braniff International Airways was reorganized as the principal subsidiary of the holding company Braniff International Corporation. In 1982, after a series of financial reverses, the airline ceased operations and filed for bankruptcy.
