 In June 1988, Braniff, Inc., was purchased from Dalfort Corporation via a stock purchase agreement by BIA-COR Holdings, Inc., with Braniff becoming a subsidiary of BIA-COR Holdings, and BIA Acquisitions, Inc., a wholly owned subsidiary of BIA-COR.BIA-COR purchased a sufficient amount of Braniff stock to gain voting control over the airline.A merger agreement was executed to merge Braniff with BIA Acquisitions.