IN RE TRANS WORLD AIRLINES, INC.

No. 01-0056 (PJW).

261 B.R. 103 (2001)

In re TRANS WORLD AIRLINES, INC., et al., Debtors.

United States Bankruptcy Court, D. Delaware.

March 12, 2001.


Attorney(s) appearing for the Case

Laura Davis Jones, Bruce Grohsgal, Pachulski, Stang, Ziehl, Young & Jones P.C., Wilmington, DE, James H.M. Sprayregen, Marc Kieselstein, David R. Seligman, Kristin E. Rooney, Alexander Dimitrief, Kirkland & Ellis, Chicago, IL, Co-Counsel for the Debtors and Debtors in Possession.

Michael D. DeBaecke, Deborah Cirilla Sellis, Blank Rome Comisky & McCauley LLP, Wilmington, DE, Thomas E. Biron, Blank Rome Comisky & McCauley LLP, Philadelphia, PA, Michael Z. Brownstein, Blank Rome Tenzer, Greenblatt LLP, New York City, Counsel for the Official Committee of Unsecured Creditors of Trans World Airlines, Inc.

Joanne B. Wills, Steven K. Kortanek, Klehr, Harrison, Branzburg & Ellers LLP, Wilmington, DE, Edward S. Weisfelner, Andrew Dash, John P. Biedermann, Berlack, Israels & Liberman, New York City, Counsel to the High River Entities.


MEMORANDUM OPINION

PETER J. WALSH, Chief Judge.

Before the Court is the motion (Doc. # 255) by the debtor, Trans World Airlines, Inc. ("TWA" or "Debtor") to reject its ticket program agreement ("Ticket Agreement") with Karabu Corp. ("Karabu"). The Official Committee of Unsecured Creditors filed a joinder. (Doc. # 434). Karabu and related entities filed an objection (Doc. # 491) to which TWA filed a reply (Doc. # 595). I held an evidentiary hearing on March...

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