Braniff Rebuilding on Smaller Scale: Braniff, which...

Braniff Rebuilding on Smaller Scale: Braniff, which filed for Chapter 11 protection from its creditors last week, is rebuilding as a smaller carrier offering lower fares. At a gathering of aviation executives in Orlando, Fla., Thomas Volz, Braniff marketing vice president, said the airline hoped to stay in business as a “boutique” air carrier, with reduced service from its hubs in Orlando and Kansas City, Mo.