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IN RE WESTERN PACIFIC AIRLINES, INC.

No. CIV. A. 98-K-1480, Bankruptcy No. 97-24701 SBB.

224 B.R. 799 (1998)

In re WESTERN PACIFIC AIRLINES, INC., Debtor. SMITH MANAGEMENT COMPANY, Energy Management Corp. and Sundance Venture Partners L.P., II, Appellants, v. CITY AND COUNTY OF DENVER and Max Acquisition Co., LLC, Appellees.

United States District Court, D. Colorado.

September 11, 1998.

Attorney(s) appearing for the Case

David T. Brennan, Otten, Johnson, Robinson, Neff & Ragonetti, P.C., Denver, CO, Stephen J. Shimshak, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Appellants.

Christian C. Onsager, Michael J. Pankow, Faegre & Benson, Denver, CO, Jeffrey A. Weinman, Weinman, Cohen & Niebrugge, P.C., Denver, CO, James T. Markus, Block, Markus and Williams, LLC, Denver, CO, Leo M. Weiss, United States Trustee's Office, Denver, CO, Douglas W. Jessop, Holden & Jessop, P.C., Denver, CO, Caroline C. Fuller, Fairfield & Woods, P.C., Denver, CO, Brian Sirower, John Joseph Dawson, Streich Lang, P.C., Phoenix, AZ, for Appellees.

MEMORANDUM DECISION ON APPEAL

KANE, Senior Judge.

This is the latest in a series of appeals arising out of the Western Pacific Airlines, Inc. ("WestPac") bankruptcy litigation. In this appeal, Smith Management Company ("Smith") and Energy Management Corporation and Sundance Venture Partners. L.P., II (collectively, the "DIP Lenders") challenge two orders of the bankruptcy court dated June 23 and June 29, 1998 (the "Orders"), allowing WestPac to deposit certain...

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