Colonial Trust Company v. George Goggin, Trustee in Bankruptcy of the Estate of Intercontinental Airways, Inc.

JAMES ALGER FEE, Circuit Judge.

Intercontinental Airways, Inc., filed a petition under Chapter XI, 11 U.S.C.A. § 701 et seq., and George Goggin, by consideration of the Bankruptcy Court, was appointed Trustee of the estate pending administration. In this proceeding, Colonial Trust Company filed a petition for reclamation of a C-46 aircraft then in possession of the Trustee as a part of the assets of this estate.

A short résumé of the facts taken from the record is hereinafter set forth. Colonial Trust Company leased to American Airways, Inc., by written agreement, this C-46 aircraft on August…