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IN RE KELLSTROM INDUSTRIES, INC.

No. 02-10536 (MFW).

286 B.R. 833 (2002)

In re KELLSTROM INDUSTRIES, INC., et al., Debtors.

United States Bankruptcy Court, D. Delaware.

November 5, 2002.

Attorney(s) appearing for the Case

Norman L. Pernick, Domenic E. Pacitti, Maria Aprile Sawczuk, Saul Ewing LLP, Wilmington, DE, Jeffrey C. Hampton, Robyn Forman Pollack, Saul Ewing LLP, Philadelphia, PA, for Debtors.

David W. Black, Frank, Weinberg & Black, P.L., Plantation, FL, for Sawgrass Land Associates.

Joanne Pinckney, Bouchard, Margules & Friedlander, Wilmington, DE, for American Airlines.

Neal J. Levitsky, Fox, Rothschild, O'Brien & Frankel, LLP, Wilmington, DE, Evelyn Sahr, Brenda A. Hefferman, Condon & Forsyth, LLP, Washington, DC, for Royal Jordanian Airlines.

Stephen M. Yoder, Christopher A. Ward, The Bayard Firm, Wilmington, DE, Carole Neville, Sonnenschein, Nath & Rosenthal, New York City, for the Official Committee of Unsecured Creditors.

MEMORANDUM OPINION1

MARY F. WALRATH, Bankruptcy Judge.

This matter is before the Court on the Motion of the Debtors for Order Authorizing the Debtors to Reject Certain Unexpired Leases and Executory Contracts. The Motion is opposed by one of the contract parties, Sawgrass Land Associates ("Sawgrass") which asserts that the agreement with it (a right of first refusal) is not an executory contract subject to rejection...

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