Braniff Loses Its Investment Banker: Merrill Lynch...
- Share via
Braniff Loses Its Investment Banker: Merrill Lynch Capital Markets will halt its search for a buyer for Orlando, Fla.-based Braniff Inc. because the bankrupt airline cannot afford the company’s monthly fee of $150,000, said Joe Shapiro, one of Braniff’s bankruptcy attorneys. The withdrawal of Merrill Lynch is seen as a setback for Braniff. The companies announced that Merrill Lynch would cease its efforts to sell Braniff and its planes on Friday. Shapiro said Merrill Lynch, which was retained Oct. 26, had received some compensation from Braniff.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
