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IN RE TRANS WORLD AIRLINES, INC.

Bankruptcy No. 92-115. Adv. No. A-92-28.

163 B.R. 964 (1994)

In re TRANS WORLD AIRLINES, INC., Debtor. TRANS WORLD AIRLINES, INC., Plaintiff, v. TRAVELLERS INTERNATIONAL AG., et al., Defendants.

United States Bankruptcy Court, D. Delaware.

February 10, 1994.

Attorney(s) appearing for the Case

Kenneth J. Nachbar, Morris, Nichols, Arsht & Tunnell, Wilmington, DE, David S. Kurtz, Michael J. Templeton, Jones, Day, Reavis & Pogue, New York City, for Trans World Airlines, Inc.

Laura Davis Jones, Young, Conaway, Stargatt & Taylor, Wilmington, DE, Chapman & Cutler, Chicago, IL, for Official Unsecured Creditors' Committee.

Laurie Selber Silverstein, Potter, Anderson & Corroon, Wilmington, DE, Richard A. Kirby, Dyer, Ellis, Joseph & Mills, Washington, DC, for Travellers Intern. AG.

MEMORANDUM OPINION

PETER J. WALSH, Bankruptcy Judge.

INTRODUCTION

Before the court is a motion by the defendant Travellers International AG. ("Travellers") to dismiss both counts of an adversary complaint brought by the debtor, Trans World Airlines, Inc. ("TWA"). By its complaint, TWA seeks a declaration that a $13,693,100.42 deposit which it made pre-petition was a preferential transfer under Section 547 of the Bankruptcy Code, 11 U.S.C...

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