IN RE IONOSPHERE CLUBS, INC.

Bankruptcy Nos. 89-B-10448 (BRL), 89-B-10449 (BRL) and 91-B-10287 (BRL), Adv. No. 91-6164A.

147 B.R. 325 (1992)

In re IONOSPHERE CLUBS, INC. and Eastern Air Lines, Inc. and Bar Harbor Airways, Inc., d/b/a Eastern Express. FIRST FIDELITY BANK, NATIONAL ASSOCIATION, NEW JERSEY, Plaintiff, v. EASTERN AIR LINES, INC., as debtor and debtor-in-possession and Martin R. Shugrue, Jr., as Chapter 11 Trustee, Defendants.

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

October 30, 1992.


Attorney(s) appearing for the Case

Riker, Danzig, Scherer, Hyland & Perretti by Warren J. Martin, Jr., Morristown, N.J., for First Fidelity Bank, N.A., New Jersey.

King & Spaulding by Daniel J. King, New York City, for Martin R. Shugrue, Jr., Chapter 11 Trustee.


MEMORANDUM DECISION ON PLAINTIFF AND DEFENDANT'S MOTIONS FOR SUMMARY JUDGMENT

BURTON R. LIFLAND, Chief Judge.

The plaintiff, First Fidelity Bank, National Association, New Jersey ("First Fidelity"), seeks a determination that its lien on certain aircraft leased to Eastern Air Lines, Inc. ("Eastern") pursuant to a Secured Equipment Indenture and Lease Agreement dated November 15, 1986, extends to twenty-two Traffic Alert and Collision Avoidance Systems (the...

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