Aldridge v. Liberty Air, Inc.

HENDRY, Judge.

This is an appeal from a final judgment in favor of the plaintiffs below, Liberty Air, Inc., and Rexair, Inc., who were lessors of certain aircraft and appurtenant equipment. Aerovías Sud Americana, Inc., was the lessee of three DC-4 aircraft under separate lease agreements. Two of the aircraft were leased from Liberty Air on July 1, 1964, for periods of sixty months each. The third aircraft was leased from Rexair on July 24, 1964, for the same length of time.

In January of 1965, Aerovías wa.s delinquent in rental payments because of financial difficulties. In order to assure the…