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BIA-COR Holdings, Inc
- 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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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.
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
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
Government corruption brought a saving grace to Braniff and the rest of the fledgling airlines that traversed the United States. Braniff Airways now had the support of not only passenger fares but also guaranteed air mail payments that virtually guaranteed its existence.
- (214) 233-6473
- INFO@BRANIFFINTERNATIONAL.COM
Apr 25, 2013 · Ultimately, ownership in the company was given up and it was purchased by aviation Corporation (AVCO) holding company. AVCO also owned other airline assets including what was to become eventually American Airlines. Braniff Airways.
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.
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.
