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IN RE BRANIFF, INC.

Bankruptcy No. 89-03325-BKC-6C1, Adv. No. 89-230.

118 B.R. 819 (1989)

In re BRANIFF, INC., Debtor. BRANIFF, INC., Plaintiff, v. GPA GROUP PLC, etc., et al., Defendants.

United States Bankruptcy Court, M.D. Florida, Orlando Division.

Findings of Fact and Conclusions of Law September 10, 1990.

Attorney(s) appearing for the Case

Howard T. Glassman, Joel C. Shapiro, Matthew J. Siembieda, Faith R. Greenfield, Blank, Rome, Comisky & McCauley, Philadelphia, Pa., for plaintiff.

Francis L. Carter, Coll, Davidson, Carter, Smith, Salter & Barkett, Miami, Fla., Glenn C. Shrader, Paul, Hastings, Janofsky & Walker, Los Angeles, Cal., for GPA Group and Affiliates.

Thomas C. Rice, Simpson, Thacher & Bartlett, New York City, Jeffrey Jontz, Holland & Knight, Orlando, Fla., for AVSA.

Peter N. Hill, Wolff, Hill & Meininger, Orlando, Fla., for Wilmington Trust Co.

Leon C. Marcus, Richard Levy, Marc Richards, Milgrim, Thomajan & Lee, New York City, for the Official Committee of Unsecured Creditors of Braniff, Inc.

David M. Levine, McDermott, Will & Emery, Miami, Fla., for the Official Committee of Noteholders of Braniff, Inc.

JUDGMENT AND FINAL DECREE

C. TIMOTHY CORCORAN, III, Bankruptcy Judge.

THIS CAUSE came on for trial on November 20, 21, 22, 24, and 25, 1989, of the following four consolidated matters:

1. Adversary proceeding No. 89-230 filed in this Chapter 11 case by Braniff, Inc. the debtor, as plaintiff, against GPA Group Limited; now known as GPA Group plc; GPA Corporation; GPA Leasing USA I, Inc.; Wilmington Trust...

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