IN RE WESTERN PACIFIC AIRLINES, INC.

CIV. A. No. 98-K-428, Bankruptcy No. 97-24701 SBB.

219 B.R. 575 (1998)

In re WESTERN PACIFIC AIRLINES, INC., a Delaware corporation, Debtor. The OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF WESTERN PACIFIC AIRLINES, INC., Appellant, v. WESTERN PACIFIC AIRLINES, INC.; Smith Management Company; Hunt Petroleum Corporation; and GFI Company, Appellees.

United States District Court, D. Colorado.

March 19, 1998.


Attorney(s) appearing for the Case

John F. Young, Block, Markus & Williams, L.L.C., Denver, CO, for Appellant.

Christian Onsager, Michael J. Pankow, Faegre & Benson, L.L.P., Denver, CO, for Western Pacific Airlines.

David T. Brennan, Otten Johnson, Denver, CO, for Smith Management.

Craig A. Christensen, Lindquist, Vennum & Christiansen, Denver, CO, for Hunt Petroleum & GFI Company.


MEMORANDUM DECISION ON APPEAL

KANE, Senior District Judge.

In this latest appeal in the Western Pacific Airlines ("WestPac") bankruptcy proceedings, the Official Committee of Unsecured Creditors ("Committee") appeals from Judge Brooks' February 10, 1998 oral ruling, and the February 12 Order formalizing it, which approved the settlement agreement between WestPac and Smith Management Company ("Smith") on the one hand and Hunt Petroleum Corporation ("Hunt...

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