ABOUT
Braniff International Airlines, Inc. was a low-fare airline formed in 1991 from the assets of two earlier airlines that used the Braniff name. It was headquartered in the Dallas, Texas, area and owned by BNAir, Inc., a subsidiary of BIA-COR Holdings Inc., a Philadelphia investment group, formed by Paine Weber Group, and subsequent airline holding company. The airline is popularly identified as Braniff III to differentiate it from its predecessors.
The airline inaugurated service on July 1, 1991 and filed for bankruptcy less than two months later. However, the company was able to secure sufficient funding to continue operating until July 2, 1992, nearly a year after its formation. The airline ceased operations, becoming a victim of severe fare wars that were prevalent in the industry at the time coupled with a nationwide recession. At the time Braniff ceased operations, there three major carriers had filed for liquidation, while three major carriers were reorganizing.
