IN RE ISLAND HELICOPTER CORP.

Bankruptcy Nos. 884-40672-18 to 884-40681-18.

63 B.R. 515 (1986)

In re ISLAND HELICOPTER CORP., et al, Debtors.

United States Bankruptcy Court, E.D. New York.

July 30, 1986.


Attorney(s) appearing for the Case

Shaw, Goldman, Licitra, Levine & Weinberg, P.C., Garden City, N.Y., for debtors.

Cullen & Dykman, Garden City, N.Y., for Long Island Trust.


DECISION

C. ALBERT PARENTE, Bankruptcy Judge.

Long Island Trust Company, N.A. (hereinafter "Trust"), has moved for an order conditioning the debtor's use of eight helicopters on the adequate protection of Trust's security interests in these aircraft, pursuant to 11 U.S.C. § 363(e). Trust also seeks to preclude the debtor's proposed use of certain insurance proceeds to purchase new helicopters, or in the alternative, to condition the proposed use of...

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