 This development led to Braniff once again operating several of the same BAC One-Eleven aircraft that the original Braniff International had disposed of in the 1960s.The original Braniff was the first operator and launch customer of the BAC One-Eleven in the U.S. On April 19, 1988, Florida Express became a wholly owned subsidiary of Braniff, Inc. On that date a special meeting of Florida Express, Inc., shareholders was held and the acquisition of Florida Express by Braniff was approved by a majority of the stockholders of date.In late 1987, Braniff attempted to acquire Pan American World Airways, holding months of negotiations; however, Braniff was unable to reach a deal for $200 million in labor concessions from Pan Am's principal unions, which had been demanded as a precondition by the Pan Am corporate board.