In re PAN AMERICAN CORPORATION; Pan American World Airways, Inc.; Pan American Shuttle, Incorporated; Pan Am Express; PAA Corporation; Allmat International, Incorporated; Alert Management Systems, Incorporated; Pan American Commercial Services, Incorporated, Debtor. SECTION 1110 PARTIES, et al., Respondents-Appellees, v. PAN AMERICAN CORPORATION, Debtor-Appellant.
No. 1519, Docket 91-5023.
United States Court of Appeals, Second Circuit.
Argued April 2, 1991.
Decided April 2, 1991.
Jerome E. Hyman, New York City (Thomas J. Moloney, Robert P. Davis, Howard S. Zelbo, James L. Bromley, Shari Siegel, Jean E. Kalicki, Cleary, Gottleib, Steen & Hamilton, New York City, of counsel), for debtors in possession-appellants.
Marvin E. Jacob, New York City (Bruce R. Zirinsky, Bruce N. Shortt, Stephanie R. Schwartz, Gordon W. Johnson, Steve Levi-tan, Kurt Bjorklund, Weil, Gotshal & Manges, Jon Yard Arnason, John J. Reilly, Alan Heblack, Andrea Fischer, Haight, Gardner, Poor & Havens, James W. Gid-dens, David LeMay, Hughes, Hubbard & Reed, John I. Karesh, Jill Levi, Feltman, Karesh, Major & Farbman, New York City, of counsel), for appellees General Elec. Capital Corp., Wilmington Trust Co., Owner Trustee, Evergreen Intern. Airlines, Inc., Cobblestone Corp., U.S. Concord, Inc., IBJ Schroder Leasing Corp., Greyhound Financial Corp. De Nationale Investerings-bank N.V., Credit Lyonnais/PK AIR-FINANCE and Aeron Aviation, Inc.
Mike 0. Sigal, Jr., New York City (Brian Trust, Daniel J. Sullivan, Simpson, Thatcher & Bartlett, Stephen H. Gross, Alan Kan-zer, Walter Conston Alexander & Green, New York City, Kathrine A. McLendon, King & Spaulding, Atlanta, Ga., Michael Havers, Perkins Coie, Seattle, Wash., Eloise L. Morgan, Robert Gray, Winthrop, Stimson, Putnam & Roberts, New York City, Steven J. Howell, Honigman Miller, Schwartz & Cohn, Detroit, Mich., of counsel), for appellees C.I.T. Leasing Corp., CIT Group/Equipment Financing, Inc., PS Group, Inc., Grand Central Partners Nos. 1-3, U.S. Airlease, Inc., Airlease Ltd., CL Aircraft VII, Inc., British Aerospace, Inc., Jet Acceptance Corp., Pacific Harbour Capital, Inc., Four-Seven A, Inc., Aeronautics I, Inc., Bank of New York, as Trustee.
William C. Clarke, New York City (William R. Brennan, Lord Day & Lord, New York City, of counsel), for amici curiae America West Airlines, Inc., American Airlines, Inc., Northwest Airlines, Inc., USAir, Inc.
William J. Rochelle III, New York City (Courtney Katzenstein, Fulbright & Jawor-ski, New York City, Zack A. Clement, Hugh E. Tanner, Joseph G. Epstein, Lucas T. Elliot, Fulbright & Jaworski, Houston, Tex., James L. Patton, Jr., William D. Johnston, Laura D. Jones, Young, Conaway, Stargatt & Taylor, Wilmington, Del., Paul P. Welsh, Karen A. Jacobs, Morris, Nichols, Arsht & Tunnell, Wilmington, Del., of counsel), for amici curiae Continental Airlines, Inc.
Bennett Boskey, Washington, D.C. (Ellis Lyons, Edward A. Groobert, Morris Klein, Volpe, Boskey and Lyons, Washington, D.C., of counsel), for amicus curiae American Ass’n of Equipment Lessors.
Before LUMBARD, WINTER, and WALKER, Circuit Judges.