Butler Aviation International, Inc. v. Whyte (In Re Fairchild Aircraft Corp.)

WIENER, Circuit Judge:

This case involves the attempted recovery of funds paid over time by the debtor, Fair-child Aircraft Corporation (“Fairchild”), to Defendant-Appellant Butler Aviation International (“Butler”) for fuel that Butler had provided to a customer of Fairchild, Air Kentucky Airlines (“Air Kentucky”). Plaintiff-Appellant Bettina M. Whyte was appointed Fiscal Agent to pursue avoidance actions on behalf of the unsecured creditors of Fair-child. In that capacity, she instituted this avoidance proceeding, arguing that Fairchild did not receive “reasonably equivalent value” under 11…