Opinion
Case No. 04-03063, (Jointly Administered).
December 14, 2005
Jeppesen Sanderson, Inc. BY: Brian A. Jennings, Perkins Coie LLP, Seattle WA.
ALOHA AIRLINES, INC. BY: Brian G. Rich, Berger Singerman, P.A., Co-counsel to the Debtors, Mami, Florida.
STIPULATION AND ORDER RESOLVING DEBTORS' OBJECTION TO CLAIM NUMBER 485 AGAINST ALOHA AIRLINES, INC. FILED BY JEPPESEN SANDERSON INC.
This matter came before the Court without a hearing in Honolulu, Hawaii, upon the Second Omnibus Objection of Debtors and Debtors-in-Possession to Claims (the "Objection") (Docket No. 1756), with respect to the Debtors' objections to claim number 485 filed by Jeppesen Sanderson, Inc. ("JSI").
The Court has reviewed the Objection and having been advised that the parties consent to the resolution herein, does
ORDER as follows:
1. The Objection is Sustained in Part and Overruled in Part as set forth herein.
2. Claim Number 485 filed by JSI against Aloha Airlines, Inc. in the aggregate amount of $61,167.52 shall be allowed and treated as a Class 4 general unsecured claim in the amount of $59,667.52.
3. The allowed secured component of the claim in the amount of $1,500.00 shall be satisfied by JSI's exercise of its set-off rights solely against the deposit that it holds in the amount of $1,500. The automatic stay, to the extent applicable, is hereby modified to permit JSI to exercise any set-off rights that it may hold.
APPROVED AND SO ORDERED.