Global International Airways Corp. v. Luchtvarrtmaatshappij Transavia Holland B v. (In Re Global International Airways Corp.)

FINDINGS OF FACT, CONCLUSIONS OF LAW, AND FINAL JUDGMENT DIRECTING RETURN OF $50,000 PLUS APPROPRIATE INTEREST BY DEFENDANTS TO THE PLAINTIFF

DENNIS J. STEWART, Chief Judge.

This is an action brought by a chapter 11 debtor for the purpose of compelling the defendants to return to it the sum of $50,-000 which the debtor paid as an earnest money deposit 1 on a contract for the lease of a certain airship which did not materialize.

The trial of this action has been conducted by the court and the parties were then, in the course of trial, granted an unlimited opportunity to adduce evidence on the…