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IN RE JET FLORIDA SYSTEM, INC.

No. 87-5024.

841 F.2d 1082 (1988)

In re JET FLORIDA SYSTEM, INC., Debtor. CHARISMA INVESTMENT COMPANY, N.V., Plaintiff-Appellant, v. AIRPORT SYSTEMS, INC., a/k/a Jet Florida System Inc., a/k/a Air Florida, Inc., Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

April 5, 1988.

Attorney(s) appearing for the Case

William R. Clayton, Fowler, White, Burnett, Hurley, Banick & Strickroot, P.A., Miami, Fla., for plaintiff-appellant.

Jerry M. Markowitz, Markowitz, Davis & Ringel, Candis Trusty, Miami, Fla., for AFS and AFI.

John K. Olson, Jet Florida, Inc., Miami Springs, Fla., for Airport Systems, Inc.

Before HILL, Circuit Judge, HENDERSON, Senior Circuit Judge, and MURPHY, District Judge.

PER CURIAM:

Appellant Charisma Investment Company, N.V. (Charisma) received $11,761.33 from appellee Air Florida, Inc. (Air Florida) within the preference period set forth in section 547(b) of the Bankruptcy Code. 11 U.S.C. § 547(b). The district court concluded that the bankruptcy court's findings of fact were not clearly erroneous and that "new value" had not been extended by Charisma such that the "subsequent advance" exception, 11 U.S.C. § 547(c)(4)...

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