Bankrupt Braniff and PSA agree to form joint airline

Braniff International and PSA Inc., which operates Pacific Southwest Airlines , signed an agreement to set up a joint airline venture that will utilize planes , staff, and facilities of the bankrupt Braniff, Braniff officials said.

Before the venture gets under way, it needs the approval of the bankruptcy courts, Braniff creditors, unions, and the Federal Aviation Administration. Braniff said the venture might provide jobs for about 1,500 of the 9,000 Braniff workers who lost jobs last May, when the airline filed for bankruptcy.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK