Braniff International Airlines, Inc. was a low-fare airline formed in 1991 from the assets of two earlier airlines that used the Braniff name. It was headquartered in the Dallas, Texas, area and owned by BNAir, Inc., a subsidiary of BIA-COR Holdings Inc., a Philadelphia investment group, formed by Paine Weber Group, and subsequent airline holding company. The airline is popularly identified as Braniff III to differentiate it from its predecessors.