Ok, I lived through the mess...
Braniff started operations in 1984, and contrary to what has been said here was a success, that is until McGee became the CEO of BN from Piedmont.
Prior to his arrival and Jay Pritzger departing the scene BN had slowed operations at DFW and increased MCI. BN purchased Florida Express and opened a hub at MCO. BN then purchased several 737-200's from Delta and AA.
BN picked up the Pan Am order for 50 A320's with the V2500 engines with an option for 50 more, as well as 17 F-100's.
McGee and his cronies had the brilliant idea to move the headquarters from DFW to MCO (since it was nicer that MCI, despite the size difference in operations). With a series of bad business moves, the planes, the move HUGE increses in salaries of top management BN became bankrupt again.
At the time of demise, BN was operating I believe 3 or 4 of the A320's (which were known internally as the "3 raniff" planes because of their Airbus designed temporary livery), but they had only been in service for a few weeks.
I was able to go on N903BN, which had the Pan Am interior.
What a tragic mess...