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With an approved bankruptcy reorganization agreement with Hyatt Corporation a new Braniff, Inc., would be created from the assets of Braniff Airways, Inc. and Braniff International Corporation and would begin operations on March 1, 1984.
The Debtor, Braniff Airways, challenges Defendants' assertions of priority status for their claims under § 507 of the Bankruptcy Code ("Code"), their entitlement to setoff rights, and their claims to be beneficiaries of a trust fund.
Apr 23, 1990 · The bankruptcy court handling the liquidation of Braniff, Inc., the successor of Braniff Airways, Incorporated, approves the transfer of Braniff’s Inc’s., operating certificate and only the trade name Braniff to BN Air, Inc., for $313,000 USD.
- (214) 233-6473
- INFO@BRANIFFINTERNATIONAL.COM
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.
Braniff International Airlines, Inc., founded in 1991 by financier Jeffrey Chodorow, whose company BNAir, Inc. purchased the assets of the moribund Braniff, Inc. Plagued by intense competition and by turmoil and malfeasance in its own upper management, the reborn airline dissolved in 1992.
The collection concerns the administration of the airline prior to its closure in 1982, the affect of the bankruptcy on employees and other companies, as well as plans by Hyatt Hotels to acquire and reorganize Braniff Airways.
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Who owns Braniff Airways?
What is the reorganization plan of Braniff Airways?
Does Dalfort Corporation own Braniff Airways & Braniff International Corporation?
Where is Braniff Air based?
What happened to Braniff Airways & BN air?
How much did Braniff International Airways lose in 1953?
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.
