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IN RE PAN AM CORP.

No. 91 Civ. 1659 (MBM).

125 B.R. 372 (1991)

In re PAN AM CORPORATION, et al., Debtors.

United States District Court, S.D. New York.

March 18, 1991.

Attorney(s) appearing for the Case

Thomas J. Moloney, Jerome E. Hyman, Robert P. Davis, Howard S. Zelbo, Jonathan Willens, Jean E. Kalicki, Cleary, Gottlieb, Steen & Hamilton, New York City, for debtors.

Marvin E. Jacob, Bruce R. Zirinsky, Bruce N. Shortt, Jay M. Goffman, Gordon W. Johnson, Kurt W. Bjorklund, Steve Levitan, Weil, Gotshal & Manges, New York City, for General Elec. Capital Corp., Wilmington Trust Co., Cobblestone Corp., Evergreen Intern. Airlines, Inc. and Evergreen Ventures.

William C. Clarke, William R. Brennan, Lord Day & Lord, Barrett Smith, New York City, for amicus curiae America West Airlines, Inc., American Airlines, Inc., Northwest Airlines, Inc. and USAIR, Inc.

M.O. Sigal, Jr., Dan Sullivan, Simpson Thacher & Bartlett, New York City, for C.I.T. Leasing Corp. and C.I.T. Group/Equipment Financing, Inc.

OPINION AND ORDER

MUKASEY, District Judge.

Pan Am Corporation, et al., debtors and debtors in possession (collectively "Pan Am") filed a petition for reorganization under Chapter 11 of the Bankruptcy Code (the "Code") on January 8, 1991. On February 22, 1991, Pan Am moved in the Bankruptcy Court for the Southern District of New York, by order to show cause, for an order authorizing it to cure defaults in certain transactions pursuant to § 1110...

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