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IN RE AIR FLORIDA SYSTEM INC.

Bankruptcy No. 84-01223-BKC-SMW, Adv. No. 84-0704-BKC-SMW-A.

49 B.R. 321 (1985)

In re AIR FLORIDA SYSTEM INC. and Air Florida, Inc., Debtors. GPA CORPORATION, GPA Leasing (NA) N.V., GPA Limited and the United States of America, on Behalf of its Agency, the Federal Aviation Administration, Plaintiffs, v. AIR FLORIDA, INC., Defendant, and Official Statutory Creditors Committee, Intervenor.

United States Bankruptcy Court, S.D. Florida.

May 28, 1985.

Attorney(s) appearing for the Case

Robert A. Greenspon, Robinson & Cole, Stamford, Conn., for plaintiffs GPA Corp., GPA Leasing (NA) N.V. and GPA Group Limited.

J. Christopher Kohn, Charles L. Schlumberger, Daniel E. Loeb, Civil Div., Dept. of Justice, Washington, D.C., for U.S. (Federal Aviation Admin.; Richard M. Lorr, Office of General Counsel, Dept. of Transp., Washington, D.C., of counsel.

John K. Olson, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Tampa, Fla., for Air Florida, Inc.

Arnold D. Schatzman, Schatzman & Schatzman, Coral Gables, Fla., for Official Statutory Creditors Committee.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

SIDNEY M. WEAVER, Bankruptcy Judge.

THIS MATTER having come before the Court for trial on March 15 and April 8, 1985 in the above-styled adversary case, the Court having heard the testimony of the witnesses, having examined the evidence presented and being otherwise fully advised in the premises, does hereby make the following Findings of Fact and Conclusions of Law.

This adversary proceeding raises the question...

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