Search results
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.
During World War II, the airline was very active flying cargo, training pilots and mechanics, and modifying military aircraft. At the time of the merger with Braniff in 1952, Mid-Continent had 1100 employees, served thirty-five cities, and had made a profit every year since 1942.
- 3020 Waterview Pkwy, Richardson, 75080, Texas
- (972) 883-2570
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.
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
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.
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.
People also ask
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?
When did Braniff Airways start?
What happened to Braniff Airways?
On November 3, 1930 a new airline was incorporated as Braniff Airways with T. E. Braniff as president. Ten days later it started operations with two Lockheed Vegas over its 1928 route plus the addition of the Texas city of Wichita Falls.
