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IN RE AIR VERMONT, INC.

Bankruptcy Nos. 84-17, 84-19, Adv. No. 84-0020.

47 B.R. 537 (1985)

In re AIR VERMONT, INC. and North Atlantic Airlines, Inc., Debtors. AIR VERMONT, INC. and North Atlantic Airlines, Inc., Plaintiffs, v. NORTHLAND CONSTRUCTION, INC., Defendant.

United States Bankruptcy Court, D. Vermont.

February 21, 1985.

Attorney(s) appearing for the Case

Joseph C. Palmisano, Barre, Vt., for debtor.

Harriet Ann King, King & King, Waitsfield, Vt., for Northland Construction.

MEMORANDUM OPINION

CHARLES, J. MARRO, Bankruptcy Judge.

The matter is before the court on the complaint of the debtor, Air Vermont, Inc. ("Air Vermont"), to avoid a preferential transfer. The parties have submitted a stipulated set of facts.

FACTS

In the fall of 1983, Air Vermont engaged the defendant, Northland Construction, Inc. ("Northland"), to construct certain airport counters, with work to be billed on a "cost plus" basis. On November...

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