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IN RE AIRLIFT INTERN., INC.

Bankruptcy No. 81-00846-BKC-SMW, Adv. No. 87-0011-BKC-SMW-A.

70 B.R. 935 (1987)

In re AIRLIFT INTERNATIONAL INC., Debtor. BANKERS TRUST COMPANY, as Trustee for the C.I.T. Corporation, n/k/a the C.I.T. Group/Equipment Financing, Inc. and Manufacturers Hanover Trust Company, Plaintiff, v. William D. SEIDLE, as Trustee for the estate of Airlift International, Inc., Defendant v. POPULAR BANK OF FLORIDA, a Florida banking corporation, Counterdefendant.

United States Bankruptcy Court, S.D. Florida.

March 12, 1987.

Attorney(s) appearing for the Case

Mark D. Bloom, Greenberg, Traurig, Askew, Hoffman, Miami, Fla., for Bankers Trust Co., trustee.

Timothy J. Norris, Miami, Fla., for William D. Seidle, trustee.

Jill Nexon, Valdes-FAuli, Cobb & Petrey, Miami, Fla., for Popular Bank.

FINDINGS OF FACT AND CONCLUSION OF LAW

SIDNEY M. WEAVER, Bankruptcy Judge.

This action was tried by the Court on February 6, 1987, upon a complaint filed by the plaintiff to recover possession of two aircraft, for payment of an administrative claim and upon the counterclaim of the defendant to determine the validity, priority and extent of liens or interests in the two aircraft. The Court, having heard the testimony and examined the evidence presented, having...

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