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MATTER OF HIGH-LINE AVIATION, INC.

Bankruptcy Nos. A91-77924-ADK to A91-77926-ADK, Adv. No. 92-6094.

149 B.R. 730 (1992)

In the Matter of HIGH-LINE AVIATION, INC., Debtor. In the Matter of HIGH-LINE AVIATION LTD., Debtor. In the Matter of HIGH-LINE AERO INVENTORIES LTD., Debtor. ATG AEROSPACE, INC., Plaintiff, v. HIGH-LINE AVIATION LTD., High-Line Aviation, Inc., High-Line Aero Inventories Ltd., Robert Trauner, in his capacity of Chapter 11 Trustee for High-Line Aviation Ltd., High-Line Aviation, Inc., and High-Line Aero Inventories Ltd., Stanchart Business Credit, Inc., and Standard Chartered Bank of Canada, Defendants.

United States Bankruptcy Court, N.D. Georgia, Atlanta Division.

December 18, 1992.

Attorney(s) appearing for the Case

Charles C. Stebbins, III, Warlick, Tritt & Stebbins, Augusta, GA, for plaintiff.

Charles E. Campbell, Henry F. Sewell, Jr., Hicks, Maloof & Campbell, Atlanta, GA, for Robert Trauner.

Rufus T. Dorsey, IV, Jack C. Basham, Jr., Parker, Hudson, Rainer & Dobbs, Atlanta, GA, for Stanchart Business Credit, Inc. and Standard Chartered Bank of Canada.

MEMORANDUM OF OPINION AND ORDER

A. DAVID KAHN, Chief Judge.

Before the Court are two cross-motions for summary judgment filed by Robert Trauner, Chapter 11 Trustee for the Debtors, High-Line Aviation, Inc. ("HAI"), High-Line Aviation Ltd. ("HAL") and High-Line Aero Inventories Ltd. and two secured creditors of the Debtors, Stanchart Business Credit, Inc. ("Stanchart") and Standard Chartered Bank of Canada ("Standard") (collectively "Secured Creditors")....

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