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CHARLOTTE AIRCRAFT CORP. v. PURDUE AIRLINES, INC.

No. 73-1831.

498 F.2d 152 (1974)

CHARLOTTE AIRCRAFT CORPORATION, a corporation, Appellee, v. PURDUE AIRLINES, INC., a corporation, and Stephens, Inc., a corporation, Appellants.

United States Court of Appeals, Eighth Circuit.

Decided June 7, 1974.

Rehearing Denied July 2, 1974.

Attorney(s) appearing for the Case

John C. Calhoun, Jr., Little Rock, Ark., for appellants.

Thomas E. Downie, Little Rock, Ark., for appellee.

Before VOGEL, Senior Circuit Judge, and LAY and ROSS, Circuit Judges.

LAY, Circuit Judge.

Charlotte Aircraft Corporation brought suit against Purdue Airlines, Inc., and its principal stockholder, Stephens, Inc., to recover a commission allegedly due for its efforts in arranging the sale of a DC-9 jet aircraft from Purdue Airlines to Inex Adria, a Yugoslavian airline. The trial court awarded plaintiff a commission of 33/4% on the sale price resulting in a judgment of $160,683.27, with prejudgment interest at the rate of 6% per annum...

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