Braniff International Suspends Flight Operations
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Economics, Aviation, Space Exploration
- Subcategories: Business, Aircraft, Airplanes, Transportation
- Curriculum: American History 1951-present
- Geographical Location: Texas
- Date: May 12, 1982
Article abstract: Braniff International halted all flight operations on May 12, 1982, unleashing fears that other struggling airlines would also go bankrupt.
Summary of Event
On May 12, 1982, Howard Putnam, chairman and chief executive of Braniff International Corporation, was in New York City dealing with an urgent labor matter. He received word that Braniff, the eighth largest airline in the United States, was broke. There was not enough cash to pay for fuel, buy food for passengers, or cover the week’s payroll for the ninety-five hundred Braniff...
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