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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
May 13, 1982
Page
4
Braniff Flight 494 bound for Houston never left the ground as a spring storm shut Dallas Fort Worth. With 143 passengers aboard, the airline dissolved, leaving travelers stunned and workers distraught as others scrambled to rebook with rival carriers and reclaim tickets.
Braniff International, born in the 1920s, suspended operations amid $733 million in debt and mounting losses totaling $336.4 million over three years. Howard Putnam warned survival depended on reaching summer, while lenders paused payments to Oct 1 and $150 million annual interest remains unpaid.
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