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Braniff Airways, Inc. d/b/a Braniff International Airways was an American airline that operated from 1928, incorporated in 1930, until 1982, primarily in the midwestern and southwestern United States, Mexico, Central America, South America, and in the late 1970s, Asia and Europe. The airline ceased operations on May 12 and 13, 1982 due to both high fuel prices and competition after implementation of the Airline Deregulation Act in December 1978. Two later airlines used the Braniff name: the Hyatt Hotels-backed Braniff, Inc. in 1984-89, and Braniff International Airlines, Inc. in 1991-92.
In 1928, insurance magnate Thomas Elmer Braniff financed and founded an aviation company named Paul R. Braniff, Inc. with his brother Paul Revere Braniff. The airline was initially named Tulsa-Oklahoma City Airline. Service began from Oklahoma City to Tulsa using a 5 passenger Stinson Detroiter single engine aircraft on June 20, 1928; passenger service between larger cities in Oklahoma followed.
The original Braniff brothers remained a part of the company even as the ownership was repeatedly transferred, until the airline was purchased by the Aviation Corporation (AVCO) holding company, whose other holdings included the predecessors of American Airlines.
The Braniff brothers started a new airline in November, 1930, named Braniff Airways, Inc. Braniff Airways began service between Oklahoma City, Tulsa, and Wichita Falls, Texas with Lockheed Vega aircraft.
Braniff's survival was assured when Paul Braniff, then general manager, flew to Washington, D.C. to petition for the Chicago-Dallas airmail route. The United States Post Office granted Braniff its first airmail route in the wake of the 1934 Air Mail scandal. In 1935 Braniff became the first airline to fly from Chicago to the U.S.-Mexico border. Paul Braniff left the airline in 1935 to pursue other interests and tour South America for Braniff's eventual service to the region, but Tom Braniff retained control of the carrier and hired Charles Edmund Beard to run day-to-day operations. Beard became President and CEO of Braniff in 1954, and Fred Jones of Oklahoma City remained as Chairman of the Board.
Braniff acquired Long and Harmon Airlines in January, 1935, which extended the airline's network to multiple cities in Texas, including Brownsville and Dallas. Braniff purchased new Douglas DC-2 aircraft to service this extended network, which remained largely in the American Midwest.
Braniff Airways acquired Bowen Airlines, which was headquartered at Fort Worth's Meacham Field Airport, in late 1935. Bowen flew from Chicago to Houston via St. Louis, Springfield, Tulsa and Dallas; from Dallas to San Antonio with intermediate stops in Ft. Worth and Austin, Texas; and from Ft. Worth to Houston with an intermediate stop in Dallas. Bowen did not have any of the coveted Air Mail Contracts, and its reliance on passenger revenue caused severe financial strain which created the necessity for the merger with Braniff. Bowen's slogan was "From the Great Lakes to the Gulf", which became the Braniff moniker after the merger was completed. Bowen operated a fleet of Vultee V-1As, Lockheed Vegas, and exclusive Lockheed Orions that were built to Bowen's own specifications.
Thomas Elmer Braniff created a Mexican airline, Aerovias Braniff, in 1943. Services did not begin until March 1945, when the carrier obtained its operating permits from the Mexican Government. Aerovias Braniff operated from Laredo, Texas, to Monterrey and Mexico City. The new company, owned by Mr. Braniff, operated three 21 passenger Douglas DC-3 aircraft that had been allocated to the carrier from the United States War Surplus Administration in February, 1945. Mr. Braniff had hoped to merge the airline with Braniff's domestic system.
Mr. Braniff had applied to the Civil Aeronautics Board for authority to merge Aerovias Braniff with Braniff Airways, Inc. However, the Mexican government suspended Aerovias Braniff's operating permits in October, 1946, under political pressure from Pan American World Airways, Inc., and merger of the two carriers was not approved by the CAB.
During World War II the airline leased aircraft to the United States military, and its facilities at Dallas Love Field became a training site for pilots and mechanics.
After World War II the Civil Aeronautics Board (CAB) awarded Braniff routes to the Caribbean, Central and South America, competing with Pan American-Grace Airways (Panagra). In May, 1946 the CAB awarded Braniff a 7,719 statute mile route from Dallas to Houston to Havana, Panama, Guayaquil, Lima, La Paz, Asuncion, and finally Buenos Aires, Argentina. Service started on June 4, 1948 after construction in the remote regions of Central and South America. Two weeks later the route was extended to Lima, in February, 1949 to La Paz and in March, 1949, to Rio de Janeiro, Brazil. Douglas DC-4s and Douglas DC-6s were used.
Service was extended in March 1950 from LaPaz to Asuncion, Paraguay, and in May 1950 to Buenos Aires, Argentina. Argentine President Juan Perón and his famed wife Evita Peron participated in the festivities at Casa Rosada at Buenos Aires. In October 1951 departures from Dallas became daily: three a week to Buenos Aires and four to Rio.
In October 1951 Braniff flew to 29 airports in the US, from Chicago and Denver south to Brownsville. (Flights to South America stopped at Miami, but Braniff didn't carry domestic passengers there.)
After years of negotiations Braniff acquired Mid-Continent Airlines on August 16, 1952. The merger added numerous cities, including Minneapolis/St. Paul, Sioux City, and Sioux Falls in the North; Des Moines, Omaha, and St. Louis in the Midwest; and Tulsa, Shreveport, and New Orleans in the South. The acquisition of the Minneapolis/St. Paul to Kansas City route (with stops in Des Moines and Rochester, Minnesota) was of particular interest to Braniff, as Mid-Continent had been awarded this route instead of Braniff in 1939.
After the merger Braniff would have 75 aircraft and over 4,000 employees, including 400 pilots. Among air carriers with US certification, Braniff ranked 7th in Revenue Passengers Carried and 8th in Revenue Passenger Miles and Express Ton Miles.
The addition of the extensive South America route system, merger with Mid Continent Airlines, and reduction in mail subsidy on the Mid Continent system, Braniff International Airways recorded a 1.8 million USD operating loss during 1953. Aircraft that were scheduled to be disposed of offset the loss and the company recorded a meager 11,000 USD net income. An increase in mail subsidy, requested by Mr. Braniff before his death, was granted in 1954, and the company returned to profitability.
On January 10, 1954 Braniff founder Thomas Elmer Braniff died when a flying boat owned by United Gas crash-landed on the shore of Wallace Lake, 15 miles outside of Shreveport, Louisiana due to icing. According to information from Captain George A. Stevens: Mr Braniff was on a hunting expedition with a group of important citizens of Louisiana. They were departing from a small duck hunting lake out of Shreveport in a Grumman Mallard aircraft with no deicing system. The wings iced up and they attempted to land. One of the wings hit cypress stumps and the plane crashed against the shore. It caught fire and all 12 lives aboard were lost.
Braniff Executive Vice President Charles Edmund Beard became the first non-Braniff family member to assume the role of President of the airline after Tom Braniff's untimely death. Mr. Beard gathered Braniff employees to announce that the airline would move forward and assured the public that the airline would continue.
Paul R. Braniff died later that year of cancer. Tom Braniff's wife, Bess Braniff, also died in 1954. Tom's son Thurman Braniff was killed in a training plane crash at Oklahoma City in 1938, and his daughter Jeanne Braniff Terrell died in 1948 from complications of childbirth.
Beard led Braniff into the jet age and was instrumental in beginning the transition of Braniff from a piston powered carrier into a mainly jet powered airline. This was accomplished by April 1965, less than a decade after the 1959 introduction of Braniff's first jet, the Boeing 707-227. The first jets were four 707-227s; one crashed while on the delivery test flight and was still owned by Boeing. Braniff was the only airline to order the B707-227; in 1971 it sold them to BWIA. Boeing 720s were added in the early 1960s. By 1965 Braniff's fleet was still only about 20 percent pure jet, that consisted of mainly Boeing 707s and BAC One-Elevens. Throughout the remained of the 1960s, Braniff would continue to expand its pure jet fleet but at a much quicker pace. The airline became all pure jet powered by April 1969.
Braniff opened a new headquarters building at Exchange Park, a high-rise office development within sight of Dallas Love Field, in February 1958. The airline opened an also dedicated a state-of-the-art mid century themed Maintenance and Operations Base with over 433,000 square feet on the east side of Dallas Love Field, at 7701 Lemmon Avenue, in late 1958. The airline would occupy the facility until the late 1980s, with the Braniff, Inc. (Braniff II) holding company, Dalfort, remaining there until 2001.
In April 1964 Braniff President Charles E. Beard made deposits for two Boeing Supersonic Transports (SSTs), 100,000 USD for each. This would give Braniff slots number 38 and 44 when the SST began production. President Beard said the two SSTs would be used on the carrier's US to Latin America flights, where the new Boeing 707 was performing satisfactorily.
When this deposit was made, the SST program was being financed by the US government, under an edict from President Kennedy. In 1971 Congress cancelled the program, against Nixon Administration wishes.
In 1964 Troy Post, Chairman of Greatamerica Corporation, an insurance holding company based in Dallas, Texas, purchased Braniff and National Car Rental as part of an expansion of holdings and growth outside the insurance business. Braniff and National were chosen after Greatamerica CFO C. Edward Acker identified them as under-utilized and under-managed companies. Acker had stated in a 1964 study that Braniff's conservative management was hampering the growth that the "jet age" required, in part by purchasing planes instead of financing them, diverting working capital from growth initiatives. As part of the acquisition, Acker became Executive Vice President and CFO of Braniff.
Troy Post hired Harding Lawrence, Executive Vice President of Continental Airlines, as the new president of Braniff International. Lawrence was determined to give Braniff a glossy, modern, and attention-getting image. Over the next 15 years, Lawrence's aggressive expansion into new markets - combined with ideas unorthodox for the airline industry - led the airline to record financial and operating performance, expanding its earnings tenfold despite typical passenger load factors around 50 percent.
To overhaul the Braniff image, Lawrence hired Jack Tinker and Partners, who assigned advertising executive Mary Wells — later known as Mary Wells Lawrence after her November, 1967 marriage to Harding Lawrence in Paris — as account leader. First on the agenda was to overhaul Braniff's public image — including the red, white, and blue "El Dorado Super Jet" livery which Wells perceived as "staid" (though it had been introduced in 1959). New Mexico architect Alexander Girard, Italian fashion designer Emilio Pucci, and shoe designer Beth Levine were hired, and with this new creative talent, Braniff began the revolutionary "End of the Plain Plane" campaign.
At Girard's recommendation, the old livery was dropped in favor of planes painted in a single color, selected from a wide palette of bright hues. Girard wanted the planes painted from tail to nose in colors like "Chocolate Brown" and "Metallic Purple." He also favored a small "BI" distinctive logo and small titles. Braniff engineering and Braniff's advertising department modified Girard's colors, enlarged the "BI" logo, and added white wings and tails. This, ironically, was based on the 1930s Braniff "Vega" Schemes, which also carried colorful aircraft paint with white wings and tails. The new "jelly bean" fleet consisted of such bold colors as beige, ochre, orange, turquoise, baby blue, medium blue, lemon yellow, and lavender. Lavender was dropped after only one month, due to the similarity in coloration to the Witch Moth (Ascalapha odorata), a sign of bad luck in Mexican mythology.
Fifteen colors were used by Braniff for plane exteriors during the 1960s (Harper & George modified Girard's original seven colors in 1967), in combination with 57 different variations of Herman Miller fabrics. Many of the color schemes were applied to aircraft interiors, gate lounges, ticket offices, and even the corporate headquarters. Art to complement the color schemes was flown in from Mexico, Latin America, and South America. Girard also designed an extensive line of furniture for Braniff's ticket offices and customer lounges. This furniture was made available to the public by Herman Miller, for one year during 1967.
Pucci used a series of nautical themes in overhauling the crew's uniforms. For the "hostesses" (stewardesses in Braniff terminology), Pucci used "space age" themes, including plastic Space Helmets and Bolas (as dubbed by Pucci). These clear plastic bubbles, which resembled Captain Video helmets and which Braniff termed "RainDome", were to be worn between the terminal and the plane to prevent hairstyles from being disturbed by outside elements. However, the "RainDomes" were dropped after about a month because the helmets cracked easily, there was no place to store them on the aircraft, and jetways at many airports made them unnecessary. For the footwear, Beth Levine created plastic boots and designed two-tone calfskin boots and shoes. Later uniforms and accessories were composed of interchangeable parts, which could be removed and added as needed.
Emilio Pucci designed the Pucci Pant Dress Collection for the intro of Braniff's first new Boeing 747 dubbed "747 Braniff Place" (1971). The collection was debuted at the Dallas Hilton by Pucci himself, in 1970. Today, all of the vintage Pucci attire designed for Braniff is valuable. Besides the 1965 and 1971 Collections, Pucci designed new Braniff uniform Collections in 1966, 1968, 1972, and 1974.
In 1967 Braniff purchased Pan American-Grace Airways (Panagra) from shareholders of Pan American World Airways and W.R. Grace, increasing its presence in South America. The merger became effective on February 1, 1967, and Panagra's remaining piston airliners were retired. Panagra had Douglas DC-8s which were new to Braniff. A Panagra order for five long range Douglas DC-8-62s were taken up by Braniff and began delivery in late 1968, replacing the older Series 30 Panagra DC-8s.
In 1966 Braniff investor Troy V. Post, by now a regular at the Johnson White House, obtained a government contract to transport military personnel from Vietnam to Hawaii for their R&R furloughs during the Vietnam War. The Military Air Command routes were expanded in the Pacific and added to the Atlantic side in 1966.
Under the leadership of George Lois and his advertising firm, Braniff debuted an advertising campaign that showed the likenesses of Andy Warhol, Sonny Liston, Salvador Dalí, Whitey Ford, the Playboy Bunny, and other celebrities of the time flying Braniff. After the Plain Plane Campaign, it became one of the most celebrated marketing efforts Madison Avenue had ever produced, blending style and arrogance. One advertising slogan was "When you got it — flaunt it!"
Although management considered the campaign a success, some of Braniff's customers thought the campaign exhibited grandiose behavior and bragging when service levels were (at times) not where they should have been. However, Braniff reported an 80 percent increase in business during the time the campaign was in use.
Braniff opened the "Terminal of the Future" at its home base at Dallas Love Field in late 1968. The airline also operated Jetrail at Dallas Love Field from 1970 to 1974. Jetrail was the world's first fully automated monorail system, taking passengers from remote parking lots at Dallas Love Field to the Braniff Terminal. Braniff was a key partner in the planning of Dallas-Fort Worth International Airport and contributed many innovations to the airline industry during this time.
Though Braniff had been the US launch customer in 1964 for the British-built BAC One-Eleven, Lawrence executed an order in 1965 for twelve new US-built Boeing 727 aircraft and then cancelled most of the remaining BAC One-Eleven orders. The 727s had already been selected before Lawrence's arrival, but no orders had been placed. These planes were the C model, which came with a large freight loading door at the front of the aircraft. This allowed Braniff to begin late-night cargo service, while regular passenger service was operated with the aircraft during the day. This new service doubled the 727 utilization rate and allowed Braniff to open a new cargo business, AirGo. The new 727s could also be outfitted in a unique cargo/passenger configuration, if needed.
In 1970 Braniff accepted delivery of the 100th Boeing 747 built—a 747-127, N601BN—and began "jumbo jet" flights from Dallas to Hawaii on January 15, 1971. This plane, dubbed "747 Braniff Place" and "The Most Exclusive Address In The Sky", was Braniff's flagship, and it flew an unprecedented 15 hours per day with a 99 percent dispatch reliability rate. In 1978 N601BN flew the first flight from Dallas/Fort Worth to London.
The Braniff 747 livery of bright orange led to the aircraft being popularly nicknamed "The Great Pumpkin". The popularity of "The Great Pumpkin" led to extensive publicity, and even the marketing of a scale model by the Airfix model company.
The 727 would become the backbone of the Braniff Fleet and the key aircraft in the 1971 Fleet Standardization Plan, which called for only three aircraft types: the Boeing 727 on domestic service, the Boeing 747 for Hawaii, and the Douglas DC-8 for South America. This Lawrence plan allowed for reduction in costs associated with operating multiple types of aircraft; when Lawrence took office in May 1965, Braniff operated thirteen different aircraft types. Braniff eventually ordered several variants of the 727 including the "quick change" cargo/passenger variant, the stretched B727-200, and later the 727-200 Advanced. Lawrence also increased daily utilization of its aircraft, which allowed Braniff to fly as though it had added aircraft to the fleet.
By April, 1969, the Lockheed L-188 Electra turboprops had all been retired, making Braniff "all jet". By the mid-1970s, Braniff's fleet of Boeing 727s showed the efficiencies that a single type of aircraft could produce; in 1975 Braniff had one (1) B747, eleven (11) DC-8s, and seventy (70) B727s. The Douglas DC-8s were aging, and there was speculation whether new McDonnell Douglas MD-80s, Boeing 757s, or Boeing 767s would replace the DC-8-62s (which flew Braniff's South American routes).
In 1973 Alexander Calder was commissioned by Braniff to paint an aircraft. Calder was introduced to Harding Lawrence by veteran advertising executive George Gordon, who would eventually take over the Braniff advertising account. Calder's contribution was a Douglas DC-8 known simply as "Flying Colors of South America." In 1975 it was showcased at the Paris Air Show in Paris, France. Its designs reflected the bright colors and simple designs of South America and Latin America, and was used mainly on South American flights.
Later in 1975 he debuted "Flying Colors of the United States" to commemorate the Bicentennial of the United States. This time, the aircraft was a Boeing 727-200. First Lady Betty Ford dedicated "Flying Colors of the United States" in Washington, D.C. on November 17, 1975. Calder died in November 1976 as he was finalizing a third livery, termed "Flying Colors of Mexico" or "Salute To Mexico". Consequently, this livery was not used on any Braniff aircraft.
In 1977, Braniff commissioned American couturier Halston to bring an elegant and refined feel to Braniff. The new Ultrasuede uniforms and leather aircraft interiors were dubbed the Ultra Look by Halston, who had used the term to describe his elegant fashions. The Ultra Look was applied to all uniforms and the entire Braniff fleet (including the two Calder aircraft). The Ultra Look was an integral part of Braniff's new Elegance Campaign, which was designed to show the maturing of Braniff, as well as the look and feel of opulence throughout the airline's operation. Halston's uniforms and simple designs were praised by critics and passengers.
In 1978, Braniff Chair Harding L. Lawrence negotiated a unique interchange agreement to operate Concorde over American soil. Concorde service began in 1979 between Dallas-Fort Worth and Washington, D.C., with service to Paris and London on interchange flights with Air France and British Airways. Flights between Dallas-Fort Worth and Washington Dulles airports were commanded by Braniff cockpit and cabin crews, while British or French crews took over for the remaining segment to Europe. Transfer of registration took place in Washington each time Concorde flew into or out of the United States.
Braniff became the registered operator of the planes while on U.S. domestic service, and the planes were physically re-numbered with temporary white adhesive vinyl. Registration was then returned to Air France or British Airways on the trans-Atlantic leg. Over American soil, Concorde was limited to Mach 0.95, though crews often flew just above Mach 1; the planes flew at Mach 2 over open water.
Concorde service proved a loss leader for Braniff. Though Braniff charged only a 10 percent premium over standard first-class fare to fly Concorde - and later removed the surcharge altogether - the 100-seat plane often flew with no more than 15 passengers. Meanwhile, Boeing 727s flying the same route were filled routinely. Concorde service ended after little more than a year. However, the notoriety that Braniff received from operating Concorde was advertising that could not be readily bought.
Although many postcards show a Braniff painted Concorde, the Braniff livery was never applied to the left side of any Concorde, and the aircraft remained in the colors of British Airways and Air France throughout the operation. Braniff ceased Concorde operations at the end of May, 1980.
Up to 1980, Braniff was one of the fastest-growing and most-profitable airlines in the United States. But deregulation of the airline industry was introduced in December 1978, and Braniff — as well as many of the United States' major air carriers — misjudged this unprecedented change in airline business.
Lawrence believed that the answer to deregulation was to expand Braniff's route system dramatically or face an immediate erosion of Braniff's highly profitable routes as a result of unbridled competition caused by new low cost carriers. He therefore enlarged the domestic network by 50% on December 15, 1978, adding 16 new cities and 32 new routes, which Braniff said was the "largest single-day increase by any airline in history". This historical expansion was successful both operationally and financially.
International hubs were created in Boston and Los Angeles to handle expected increases in travel outside North America. This would have included flights to Tokyo, as well as an "oil run" between Dallas-Fort Worth, Houston, and Dubai; these routes never commenced. More 747s and 747SPs were acquired for flights to Asia and Europe.
Fuel costs became the main impediment to Braniff's post-deregulation expansion. These costs increased an unprecedented 94 percent in 1979 alone. Some of the expected new business never materialized; 747 service from the new Boston hub did poorly, with the huge planes flying nearly empty. The expense of the new equipment and the new hubs increased Braniff's debt tremendously. More debt was incurred in shifting Braniff's main base of flight operations from Love Field in Dallas to Dallas-Fort Worth International Airport (DFW). (However, this was required by a 1968 agreement signed by Braniff and other airlines then operating at Dallas Love Field.)
In late 1978, Braniff moved to a sprawling new world headquarters, Braniff Place, just inside the western grounds of the airport. The beautiful employee playground/administration/training facility was the first of its kind and was later used as the model for Google and Apple headquarters design. Braniff's sub-par load factors — which were especially intolerable on the expensive-to-run 747s — combined with record-breaking fuel cost escalations, unprecedented interest rates, and a national recession, producing massive financial shortfalls. These shortfalls led to creditors requesting the retirement of Harding Lawrence in December 1980.
On January 7, 1981, the Braniff Board of Directors elected John J. Casey as President, Chief Executive Officer and Chairman of Braniff Airways, Inc. and Braniff International Corporation as a replacement to the outgoing and retiring Harding Lawrence. Former Braniff President Russ Thayer was elected as Vice Chairman of the Board, William Huskins as Executive Vice President, Neal J. Robinson as Executive Vice President of Marketing, and Edson "Ted" Beckwith as Executive Vice President of Finance.
John Casey expanded Braniff's capacity during the summer of 1981 in an effort to take advantage of the traditional summer increase in air traffic. However, an unforeseen strike by the Professional Air Traffic Controllers Organization (PATCO) caused airline delays and a decrease in traffic that created large losses for Braniff. Casey then implemented the Braniff Strikes Back Campaign in the fall of 1981, which involved streamlining the carrier's air fare structure into a simplified two-tier fare system. As part of this campaign, select Boeing 727s were divided into Braniff Premier Service, which featured traditional First Class service, and Coach Class. The remainder of the 727 fleet featured an all-Coach Class configuration with highly reduced fares. The campaign was not successful and created the unintended effect of pushing Braniff's bread-and-butter business travelers over to traditional airlines with First Class seating on all flights.
In the fall of 1981, Braniff Chairman John Casey was told by the Braniff Board that a new President needed to be found to try and curb Braniff's rapidly mounting losses. Casey met with Southwest Airlines President Howard A. Putnam and offered him the Braniff executive position. Putnam accepted the offer, but he required that his own financial manager from Southwest Airlines, Phillip Guthrie, be allowed to follow him to Braniff.
Howard Putnam implemented a one-fare-structure plan called the Texas Class Campaign. Texas Class created a one-fare, one-service airline domestically and removed First Class from all Braniff aircraft. Only the international services to South America and London, as well as service to Hawaii, would offer full First Class services. In the program's first month in operation, December 1981, Braniff's revenues immediately dropped from slightly over 100 million USD per month to 80 million USD. Braniff no longer had the revenue structure to maintain its cash requirements. In January, 1982, Braniff recorded its first negative cash flow. Competition throughout the Braniff system, coupled with the onslaught of increased services at Braniff's main hub (Dallas-Ft. Worth International Airport) by American and Delta Airlines, caused a further erosion in the airline's revenue production.
In early 1982, Braniff Chairman Howard Putnam elected to find a buyer for the carrier's Latin American Division. Negotiations had been underway with Pan American World Airways since early 1982. However, the Civil Aeronautics Board would not approve the sale and purchase of the routes to Pan Am because it felt that Pan Am would have a monopoly over all other American carriers in the South American region. Pan American responded by offering to jointly lease the routes with Air Florida for three years at a price of 30 million USD. Pan American Chairman, and former Braniff International President, Ed Acker had previously served as Chairman of Air Florida before taking the leadership position at Pan American. The CAB decided that it would not change its position on the Pan Am offer in spite of the joint service application.
Braniff International maintained that it was hemorrhaging cash and that it could not continue to operate the money losing South American system. Braniff entered into negotiations with Eastern Air Lines to lease the routes to the Miami based carrier for 18 million USD effective June 1, 1982, for one year. On April 26, 1982, the Civil Aeronautics Board approved the Eastern/Braniff lease agreement in a 5-0 unanimous decision. Eastern Chairman Frank Borman reported that Eastern had paid Braniff an initial payment of 11 million USD with the remaining 7 million USD to paid at the end of 1982. Eastern initially offered to lease the routes for 30 million USD for six years but the CAB denied the request stating that it was too long. Eastern had been trying unsuccessfully to obtain authority to fly to South America since 1938, and would operate 24 weekly flights from Miami, two from New York, and one from New Orleans to west coast South American cities where Braniff predominantly served.
Under the agreement Braniff International would retain service to Venezuela and American Airlines would serve Braniff's Brazilian services as required by a bilateral treaty between the United States and Brazil. Approval from South American governments for Eastern's one year lease of Braniff's routes would not be required according to United States officials. Braniff International lauded the CAB's quick decision as the carrier had stated that because of its tenuous cash position that it might have to shut the routes down if an agreement was not approved. Braniff ceased operations on May 12–13, 1982, and Eastern took over the routes earlier than the planned June 1, 1982, commencement of service date.
Eastern Air Lines had also reported substantial losses for 1981, and the carrier felt that the purchase of Braniff's South America routes would help the carrier return to profitability. Unfortunately, Eastern's financial condition continued to worsen throughout the 1980s. On April 26, 1990, the United States Department of Transportation approved the sale of Eastern Air Lines' Latin American routes to American Airlines for 349 million USD. Eastern had recently filed for Chapter 11 bankruptcy protection and planned to use the money from the route sale to repay creditors and regain its financial footing. The funds were placed into a special fund controlled by Eastern's creditors who had recently ousted controversial Chairman Frank Lorenzo, who took over the 60-year-old aviation legend in 1986.
On May 11, 1982, Howard Putnam left a courtroom at the Federal Courthouse in Brooklyn, New York City, after he failed to gain a court injunction to stop a threatened pilot strike. However, Putnam was successful in obtaining an extension of time from Braniff's principal creditors until October 1982. The next day, on May 12, 1982, Braniff Airways ceased all operations, thus ending 54 years of service in the American airline industry. Braniff flights at Dallas-Fort Worth International Airport that morning were suddenly grounded, and passengers on the jets were forced to disembark, being told that Braniff now ceased to exist. An afternoon thunderstorm provided the perfect cover to cancel many afternoon flights that day, although Braniff's legendary Boeing 747 Flight 501 to Honolulu departed as scheduled, with the crew subsequently refusing to divert the flight to Los Angeles International Airport. The flight returned to DFW the following morning which was the last scheduled Braniff flight.
In the days that followed, Braniff jets at Dallas-Fort Worth sat idle on the apron by Terminal 2W. The Douglas DC-8-62 fleet was flown in from Miami to Dallas Love Field and stored until new owners could be found.
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 Place World Headquarters, which the carrier occupied until December 15, 1983, on the West side of DFW Airport eventually became GTE Place, and then Verizon Place.
Three airlines were formed following the shutdown of Braniff.
Former Braniff employees founded Minnesota-based Sun Country Airlines in 1983. It flew a fleet of Boeing 727-200s and McDonnell Douglas DC-10s until 2001. It reorganized and currently flies a modern fleet of Boeing 737-800 series aircraft.
Two airlines were formed from the assets of Braniff:
The book Deregulation Knockouts, Round 2 documents at least two attempts to use the Braniff name in operations subsequent to the above attempts. One plan would have based the company again at Dallas-Fort Worth International Airport, utilizing Boeing 757 aircraft. Another planned operation would have been based at Wichita Mid-Continent Airport and would have offered discounted fares to members of a "Braniff Club".
The remains of the original Braniff — including Braniff Airways' original Tax ID number (FEIN) — are retained by a company named Asworth in Dallas. Asworth was formed out of the old Dalfort corporation and is responsible for paying pilot pensions according to the Braniff Retired Pilots Group, B.I.S.E.
Braniff International featured one of the youngest and modern fleets in the industry. A planned retirement and addition of approximately eight jets per year was followed throughout the 1970s. The following fleet was as of January 1, 1980:
Braniff Productions, Trey Parker and Matt Stone's production company that produced South Park, was named after the airline; the company used a 5-second segment from a Braniff commercial as their production logo at the end of each episode from 1997 to 2006. The logo said "Braniff, Believe It!" The company would be renamed "Parker-Stone Studios" in 2007.
In "At Long Last Leave", the 500th episode of The Simpsons, Homer Simpson ties a "Braniff"-branded jet engine to a quad.
In the highly acclaimed film Wall Street, Bud Fox (Charlie Sheen) warns his father Carl (Martin Sheen), who is employed by an airline that his son wants to control, about how the fictional "Blue Star Airlines" will "go right down the tubes just like Braniff!"
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