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IN RE PIPER AIRCRAFT CORP.

Bankruptcy No. 91-31884-BKC-RAM.

162 B.R. 619 (1994)

In re PIPER AIRCRAFT CORPORATION, Debtor.

United States Bankruptcy Court, S.D. Florida.

January 14, 1994.

Attorney(s) appearing for the Case

Paul S. Singerman, Stroock, Stroock & Lavan, Miami, FL, for debtor.

Howard Berlin, Kluger, Peretz & Berlin, P.A., Miami, FL, for Official Unsecured Creditors' Committee.

Paul K. Ferdinands, King & Spalding, Atlanta, GA, for David G. Epstein, Legal Representative.

James E. Millstein, Cleary, Gottlieb, Steen & Hamilton, New York City, and Alan S. Fine, Miami, FL, for 2I, Inc.

Francis L. Carter, Coll, Davidson, Carter, Smith, Salter & Barkett, P.A., Miami, FL, for amicus 541474 — Alberta, Ltd.

Oscar R. Cantu, Weil, Gotshal & Manges, Miami, FL, for Pilatus Aircraft, Ltd.

MEMORANDUM OPINION

ROBERT A. MARK, Bankruptcy Judge.

Piper Aircraft Corporation has been designing, manufacturing and selling general aviation aircraft and associated spare parts since 1937. Approximately 50,000 to 60,000 aircraft are still operational in the United States. Piper is attempting to reorganize under Chapter 11 of the Bankruptcy Code. Following confirmation of a plan, some of these planes will...

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