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IN RE VANGUARD AIRLINES, INC.

Bankruptcy No. 02-50802-JWV. Adversary No. 03-04093-JWV.

302 B.R. 292 (2003)

In re VANGUARD AIRLINES, INC., Debtor. Vanguard Airlines, Inc., Plaintiff, v. The Sarah and William Hambrecht Foundation, et al., Defendants.

United States Bankruptcy Court, W.D. Missouri.

October 28, 2003.

Attorney(s) appearing for the Case

Amy E. Hatch, Daniel J. Flanigan, David D. Ferguson, Robert J.E. Edwards, Polsinelli Shalton Welte, PC, Kansas City, MO, for Plaintiff.

Michael D. Fielding, Robert A. Hammeke, Terrance M. Summers, Blackwell Sanders Peper Martin LLP, Cassandra L. Writz, Bryan Cave, David A. Kraft, Berman, DeLeve, Kuchan & Chapman L.C., Kansas City, MO, for Defendants.

MEMORANDUM OPINION AND ORDER

JERRY W. VENTERS, Bankruptcy Judge.

This matter comes before the Court on Vanguard Airlines, Inc.'s ("Debtor") Motions to approve settlements to resolve certain secured and unsecured claims.

First, the Debtor has filed a Motion to Approve Settlement with Pegasus Aviation, Inc., TransMeridian Airlines, Inc., and Certain Affiliates of Pegasus Aviation, Inc. (collectively...

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