P. M. BRIEFING : Braniff Seeks Airport Slots Sale
<i> From Times Wire Services</i>
ORLANDO, Fla. —
Attorneys for bankrupt airline Braniff Inc. prepared to argue today for the emergency sale of landing and takeoff slots in Chicago and New York to American Airlines.
A hearing was scheduled this afternoon in federal bankruptcy court here.
The sale of slots at Chicago’s O’Hare and New York’s LaGuardia would provide Braniff an estimated $400,000, about a week’s worth of cash, the airline said.
That sum, in addition to about $1.3 million on hand, would give Braniff roughly one month’s operating expenses.
