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IN RE AYRES AVIATION HOLDINGS, INC.

Bankruptcy No. 00-11881, Adversary No. 01-1003.

285 B.R. 333 (2002)

In re AYRES AVIATION HOLDINGS, INC., Debtor. First National Bank of South Georgia, Plaintiff, v. Ayres Aviation Holdings, Inc., GATX Capital Corporation, Zlatava Davidova, Trustee of LET, a.s. and General Electric Company, Defendants. Zlatava Davidova, Trustee of LET, A.S., Movant.

United States Bankruptcy Court, M.D. Georgia, Albany Division.

November 4, 2002.

Attorney(s) appearing for the Case

Jesse C. Stone, Merrill & Stone, Swainsboro, GA, Erich N. Durlacher, Atlanta, GA, Stephen G. Gunby, Columbus, GA, Ward Stone, Jr., Mark S. Watson, Stone & Baxter, LLP, Macon, GA, for defendants.

John T. McGoldrick, Jr., Michael N. White, Martin, Snow, Grant & Napier, Macon, GA, for plaintiff.

MEMORANDUM OPINION

JOHN T. LANEY, III, Bankruptcy Judge.

On October 11, 2002, the court held a hearing regarding the Motion of Zlatava Davidova, Trustee of LET, a.s. to Reconsider the Court's Memorandum Opinion and Order dated August 21, 2002. At the conclusion of the hearing, the court took the matter under advisement. After considering the evidence presented at the August 7, 2002 trial, the parties' briefs, stipulations and oral arguments, as well...

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