Braniff Is Back

A new takeoff with Hyatt's help

One year to the day after bankrupt Braniff International Corp. ceased flying, Chairman Howard D. Putnam, 45, last week announced that the airline hopes to be back in the skies this fall. After weeks of dickering, Hyatt Corp., the Chicago-based hotel chain, agreed to put up as much as $70 million in exchange for 80% of Braniffs stock. With luck, Braniff could return to service by Oct. 1.

Braniff was a casualty of the airline industry's deregulation. As soon as the Government in 1978 opened the way for carriers to fly to virtually any destination, Braniff added...

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