Legal Opinion
Connecticut National Bank v. Trans World Airlines, Inc.
District Court, S.D. New York
Decided April 29, 1991No. 91 Civ. 2066 (GLG)PublishedCited by 18 opinions
1Opinion of the Court
OPINION
GOETTEL, District Judge:
Before us is a matter of significance as its resolution may force yet another of America’s airlines into bankruptcy. The facts presented are uncontroverted and can be summarized as follows. In February 1986, defendant Trans World Airlines, Inc. (“TWA”) entered into an Equipment Trust Agreement (the “Agreement”) with plaintiff The Connecticut National Bank (“CNB”). The Agreement is what is commonly known as a Sale/Leaseback. Sim ply, it provided that the Bank would purchase ten aircraft and approximately ninety-six jet engines from TWA, and would then lease them…
2Cases cited6 opinions
- Navarro Savings Assn. v. LeeSupreme Court of the United States · 1980
- Kel Kim Corp. v. Central Markets, Inc.New York Court of Appeals · 1987
- Travellers International AG v. Trans World Airlines, Inc.District Court, S.D. New York · 1989
- Hudson River Sloop Clearwater, Inc. v. Department Of The NavyCourt of Appeals for the Second Circuit · 1989
- MGD Graphic Systems, Inc. v. New York Press Publishing Co.Appellate Division of the Supreme Court of the State of New York · 1976
1 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Schanfield v. Sojitz Corp. of AmericaDistrict Court, S.D. New York · 2009
- Petrello v. WhiteDistrict Court, E.D. New York · 2006
- Tucker Leasing Capital Corp. v. Marin Medical Management, Inc.District Court, E.D. New York · 1993
- La Mirada Products Co., Inc. v. WASSALL PLCDistrict Court, S.D. New York · 1993
- Morgan Stanley High Yield Securities, Inc. v. Seven Circle Gaming Corp.District Court, S.D. New York · 2003
13 more not listed; retrieve them via the Exa API.