AVIATION: Braniff Stretches Out

In the Midwest, Braniff International Airways and Mid-Continent Airlines seemed made for each other. They both tapped different territories, had no competing routes, and fed passengers to each other. Last week, with the blessing of CAB and stockholders of both lines, they merged. The new line will be known as Braniff. Mid-Continent's stockholders will trade 1½ shares of their stock for one share of Braniff's. The merger boosts Braniff's domestic routes from 4,831 miles to 10,234 (plus 7,599 miles of routes in Latin America), increases the number of its planes from 32 to 58, and makes it the world's...

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