 A buyer was sought, but never found, and the company agreed to liquidate all assets in three separate auctions.Braniff, Inc's., parent company BIA-Cor Holdings purchased the assets of the carrier for pennies on the dollar.These assets were used to start the third reincarnation of Braniff in 1991, called Braniff International Airlines, Inc. America West Airlines subsequently acquired the Airbus A320s that were originally delivered to Braniff.