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  5. 923 F.Supp. 1408 (1996)
 

RAYTHEON AIRCRAFT CRED. CORP. v. PAL AIR INTERN.

No. 95-1437-JTM.

923 F.Supp. 1408 (1996)

RAYTHEON AIRCRAFT CREDIT CORPORATION, Plaintiff, v. PAL AIR INTERNATIONAL, INC.; Pace Aviation, Ltd.; Robert G. Bendall; and Ontario Express, Ltd., Defendants and Third Party Plaintiffs, v. James A. PORTER and Samoa Aviation, Inc., Third Party Defendants.

United States District Court, D. Kansas.

April 17, 1996.

Attorney(s) appearing for the Case

Jeff. C. Spahn, Jr., and Roger E. McClellan, of Martin, Pringle, Oliver, Wallace & Swartz, Wichita, KS, for plaintiff.

Edward A. McConwell, of McConwell Law Offices, Overland Park, KS, for Pal Air International, Pace Aviation and Robert Bendall.

Kenneth P. Leyba, of Curfman, Harris, Rose, Weltz, Metzger & Smith, Wichita, KS, for Ontario Express.

Robert A. Dennison, III, Austin, TX; and Scott J. Gunderson, of Kahrs, Nelson, Fanning, Hite & Kellogg, Wichita, KS, for James A. Porter and Samoa Aviation.

MEMORANDUM AND ORDER

MARTEN, District Judge.

In the present action, plaintiff Raytheon Aircraft Credit Corporation, successor to Beech Acceptance Corporation, seeks to recover on a promissory note executed by defendant Pal Air Aviation, Inc. of Nevada. The September 5, 1990 note in the amount of $1 million was executed to finance Pal Air's purchase of two Beechcraft King Air airplanes. As security for the note, Raytheon retained a security interest...

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