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IN RE ARROW AIR, INC.

Bankruptcy No. 86-00340-BKC-AJC, Adv. No. BKC-AJC-A-86-0110.

60 B.R. 117 (1986)

In re ARROW AIR, INC., Debtor. ARROW AIR, Plaintiff, v. The PORT AUTHORITY OF NEW YORK AND NEW JERSEY, Defendant.

United States Bankruptcy Court, S.D. Florida.

Findings of Fact and Conclusions of Law April 17, 1986.

Attorney(s) appearing for the Case

Arthur P. Berg and Milton H. Pachter, New York City; John Kozyak, Kozyak, Tropin & Throckmorton, Miami, Fla., of counsel, for defendant Port Authority of New York and New Jersey.

Timothy J. Norris, Mershon, Sawyer, Johnston, Dunwody & Cole, Miami, Fla., for plaintiff Arrow Air, Inc.

ORDER APPROVING REJECTION OF EXEMPTION AGREEMENT BETWEEN ARROW AND PORT AUTHORITY

A. JAY CRISTOL, Bankruptcy Judge.

This cause came before the Court for hearing on March 13, 1986, upon the Debtor in Possession's Alternative Motion to Reject Executory Contract. The Court has reviewed the motion and memoranda of law submitted by both Arrow Air, Inc., Debtor in Possession ("Arrow"), and the Port Authority of New York and New Jersey ("the Port Authority"), has...

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