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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.
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
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 20, 2023 · The new owner, MM Property Holdings, Inc. (a.k.a. Centurion American Development Group), planned to turn the building into a boutique hotel (MM Property Holdings had already restored the Statler Hilton Hotel in downtown Dallas in 2018).
- What can be considered “the first Braniff,” designated “Paul R. Braniff, Inc.,” was formed in the spring of 1928 and inaugurated service on June 20 with a five-passenger Stinson Detroiter between Oklahoma City and Tulsa, transporting oil company executives.
- Established as Braniff Airways on November 3, 1930, the carrier began its second life ten days later when it inaugurated service between Tulsa and Wichita Falls with a six-passenger Lockheed Vega.
- Braniff Came to Life a Third Time. As the mastermind of Jay Pritzker, of Hyatt Hotels, it gained financial wings with $70 million from Hyatt itself and $30 million from the previous Braniff’s assets before it received its aerodynamic ones.
- The final Braniff had the shortest life of all four. BNA, Inc. was formed in 1990 for the purpose of acquiring the third Braniff’s assets at three bankruptcy auctions, along with the operating certificate of Emerald Air, another bankrupt, Austin-based, intra-state DC-9-10 operator.
Jun 9, 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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Jun 9, 2022 · Braniff International Airways was then renamed to Braniff International in 1965. 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.
