 The new entity was commenced with a total capitalization of US$100 million (70 million from Hyatt and 30 million in Airways' assets) and virtually no debt.Braniff Airways, Inc., incorporated in Nevada, in November 1983, was then changed to "Dalfort Corporation" and a "new" Braniff, named Braniff, Inc., was formed.Hyatt Corporation owned 80 percent of the newly formed Dalfort Corporation, and Braniff, Inc., was created as a wholly owned subsidiary of Dalfort.