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Tyler Morning Telegraph from Tyler, Texas • 28

Location:
Tyler, Texas
Issue Date:
Page:
28
Extracted Article Text (OCR)

Tyler Morning Telrgraph 8 THURSDAY, APRIL 21 1 983 Sec. 2 TTnmme (Eireaitesit IEimeinmy Him IIBiraimnffff's TT Snnttnve deadline, one that could seal as we filed it in court." its fate as a grounded rnainte- The Chicago-based hotel good faith. 'Braniff, whose flight system once included North and South America and Europe, faced a $1 billiondebt when chain, which had ottered fib DALLAS (AP) Time has been Braniff International's greatest enemy over the past year. And the airline now is working against its final the carrier ceased operations 12 and filed for bank- May secured creditors will approve. "I've heard that there are other offers in the wings," Shoop said.

He said he had "high hopes" for the airline "if Braniff management can be persuaded to cooperate, which they haven't been' doing. They seem to want to get this puny little fixed-base operation going and let Braniff die and I can't believe that that's what these directors the next protection ruptcy Otherwise, the company will run its maintenance operations at Dallas-Fort Worth Regional Airport and Dallas Love Field. Braniff chairman Howard Putnam estimated that the operation, which would employ about 200 former Braniff workers, would gross $10 to $15 million the first year and give unsecured creditors about 10 cents on the dollar. "It's not big. It's small.

But without a flight operation, it's the best we can come up with," said Putnam. million to put 31 Braniff planes and about 2,000 former employees back to work, withdrew its proposal this week, citing time constraints and a lack of cooperation from creditors. Former Braniff pilot Glenn Shoop, who helped bring Braniff and Hyatt together, said Wednesday he's "still working" to a deal that SWIFT 13-13-13 FERTILIZER day. If the Hyatt Corp. can be convinced to reopen negotiations with Braniff, or if another would-be rescuer comes forth with a plan to which creditors agree, Braniff's planes again could return to the air.

50 LB BAG nance company. Company officials opened the last chapter in Braniff's saga Monday by filing a reorganization plan in federal bankruptcy court. 'The plan would reduce Braniff, whose colorful jets once flew above three continents, to a servicing company for other, airlines. But the reorganization plan left open the door for a surprise ending. The airline has until May 16 a year and three days after Braniff -ceased operations to amend its reorganization plan.

"I'm certainly not willing to speculate on whether we'll have any other offers," Braniff's vice president and Bob Ferguson, said Wednesday. "We are actively trying to find some interested parties. This obviously includes Hyatt to the extent that we can reinterest them, and in the interim we are moving forward on the plan Free IPirescItoooll Vision Clinic Set want. I know it's not what the employees want." Some industry observers are skeptical of Braniff's chances. "The problem, of course, is time," said Robert J.

Joedicke, an analyst for Leh-mon Brother Kuhn Loeb in New York. "To hammer out a deal, even a revised deal with anybody, so many creditors must approve It seems the clock is running out on them." Joedicke said Braniff's vival "obviously is not impossible, but it is becoming increasingly difficult." Braniff stock, which shot frbm 75 cents or less to to almost $2 after the Hyatt offer was revealed, was falling back to its previous levels Wednesday, said Paine Webber broker Richard Smith. The stock is traded on the Pacific Exchange under a "special situation" category. "I think the market pretty well views the Hyatt deal as a dead horse," he said. Braniff officials say, they need at least $60,000 and possibly as much as $100,000 to profitably resume air line operations.

But former Braniff employees claim Hyatt's last offer was better than an earlier deal Braniff made with Pacific Southwest Airlines and that it would be sufficient to resume flight operations. Braniff won several extensions from bankruptcy court in its effort to form a Texas division of PSA using former Braniff employees and planes. The deal was shot down, however, by a federal appeals court that said the new airline would not be entitled to Braniff's airport time slots. PSA officials said further appeals of the case would not leave them enough time to get the new division flying by the critical summer. season.

That operation "didn't do anything for anyone but PSA," Shoop sai'd. "Now they say they are putting their best efforts to put Braniff back in the air but they are turning down this well-financed plan" from Hyatt. Representatives of Braniff's unions Tuesday drafted a bitterly worded letter to Braniff's board accusing the airline of refusing to deal in FREE DELIVERY WON-FRI Call 593-2095 593-7339 WEEKENDS-AFTER 5 PM SOLD BY TYLER CIVITAN CLUB Civitans Help People Can De pched up inese locations Ounn's Transmission 1 401 Erwin Ray Boels Barbel Snop-2726 Sth Bui Thomas Meat, Co Gentry Pkwy Tyler Qoll Cars 307 Lyon David Jones Applance-30C0 Shrloh Rd AUTO SOUNDS ETC. Professional Installation of Electronic Automotive Accessories NEW LINE SALE! Tancredi Digitals Fugitsu Auto reverse Ten Metal Capabilities Onnivax Equalizers and Mercedes Speakers Sales Service Complete Installation 613 W. Front 597-2750 "Let us custom design your car sound system" strabismus.

Texas Societyto Prevent Blindness is an affiliate of National Society to Prevent Blindness which is marking its 75th anniversary this year as the nation's oldest voluntary health agency engaged in sight conservation. The Texas group will mark this milestone throughout 1983, and especially during April, Prevent Blindness I Month, with special vision and glaucoma screenings and educational programs throughout the state. For, more information concerning the free vision screen-, ing, call 592-2664. Radio Station Given Okay The Federal Communications Commission has given final approval to the sale of radio station KFML-FM in Whitehouse. The transfer of control of Hine Broadcasting Company from Glen A.

Hine and others to Barry Turner and John C. Culpepper Jr. received FCC approval on Monday, company officials said. Turner and Culpepper are owners of KDOK-AM in Tyler and KAGC-AM in Bryan. KFML is located at 99.3 inhz on the FM dial and operates at 3,000 watts.

Turner said no changes in personnel or format will occur, however, extensive engineering will be performed to enlarge the coverage of KFML. International Look in Shoes Quality Mater ata shoes are designed for men of fashion who desire only the best. Johnston Murphy's sporty Moc Toe Tassel slip-on is fully leather-lined with leather and rubber heels. Available in Walnut Brown or Black Nappa Glove Leather. Adds a distinguished International flare to the complete wardrobe.

145.00. Smith County will have its first free preschool vision screening, 9:30 a.m. p.m. Saturday. The free vision screening for children 4 and 5 years of age will be at First Christian Church, corner of South Broadway and Loop 323.

The screening will be sponsored by Texas Society to Prevent Blindness and American Association of University Women, in conjuction with Prevent Blindness month throughout the nation. The purpose of the test is to detect early vision problems. One of every 20 preschoolers in Texas has a vision problem and is not learning to see normally, according to Texas Society to Prevent Blindness. The surest way to find out if a youngster has normal eyes and sharp vision is through a professional eye examination, says Dara Austin, branch executive director. The next best check is a vi-" sion screening, such as those provided as part of a general medical exam or the organized screening conducted by trained volunteers, she said.

Austin said although the ability to see is often taken for granted, it is a skill that children must learn, just as they learn other developmental skills. A child may be seeing blurred images or may be using only one eye to focus. Children usually don't complain about vision problems because they have no way to know how the world should look, she said. "Of special concern is the condition called amblyopia, or 'lazy Austin warns. "It is usually caused by a difference in visual ability between the two eyes, or a difference in alignment.

What happens is that the amblyopic child ignores one eye and relies on the other. "The ignored, or" lazy eye, does not develop normally through lack of use," she said. The result is permanent vision impairment or even blindness in the ignored eye. Amblyopia must be detected and treated in the ear'" years by age 6, say eye experts if the condition is to be successfully corrected. Vision screening has proved reliable in indicating possible defective vision from such causes as lazy eye, nearsightedness, astigmatism and 52 Inch Brass 95 Reverse 7 Yr.

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And you can visit this exhibit exclusively at the InterFirst Bank Tyler lobby 102 North College 1 The exhibit will be on display April 15 through May 15. See where myth ends and history begins with Texas' internationally acclaimed law enforcement agency. See this unique collection of Valentino, an Italian expression in all wool and polywool tropical blends for both suits and sportscoats fully jacquared lining. Suits in stripes of Navy and Grey, solids in Charcoal, Tan and Navy. Blazers in Navy and Toast, tic weave in Brown and Tan.

All wool suits 295.00; Polywool 255.00; Sportscoats: Polywool 175.00; Tic weave silk blend 185.00. Regulars and Longs. Oy I1 'lakers' dallas austin tyler InterFirst 1E YNOLDS-PENLAND InterFirst Bank Tyler, N.A. Member FDIC TYLER: French Quarter 561-6636 Mon. Sat Thur..

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About Tyler Morning Telegraph Archive

Pages Available:
699,572
Years Available:
1930-2024