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FLIGHTCRAFT, INC. v. CONTINENTAL DESERT PROPERTIES, INC.

No. 87-3813.

848 F.2d 646 (1988)

FLIGHTCRAFT, INC., and Beech Acceptance Corporation, Plaintiffs-Appellees, v. CONTINENTAL DESERT PROPERTIES, INC., Defendant, and Jet America Corporation, and its successors, Eagle Aviation Corporation and/or Eager Aviation Corporation, Movants-Appellants.

United States Court of Appeals, Fifth Circuit.

July 7, 1988.

Attorney(s) appearing for the Case

John F. Emmett, New Orleans, La., for movants-appellants.

Daniel S. Smith, New Orleans, La., for plaintiffs-appellees.

Before THORNBERRY, WILLIAMS, and SMITH, Circuit Judges.

THORNBERRY, Circuit Judge:

This case concerns the relative priority under Louisiana law of an out-of-state purchase money security interest and a Louisiana artisan's lien. Because we think Louisiana clearly accords priority to the purchase money security interest, we affirm the district court.

I.

In 1982, Flightcraft, Inc. and Beech Acceptance Corp. (referred to collectively as "Beech") lent nearly $2 million to Continental Desert Properties for...

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