Leasing company denied ownership of leased jet engines in bankrupt airline's aircraft due to lack of possession.

The court dismissed the leasing company's claim to ownership of jet engines mounted on an aircraft belonging to a bankrupt airline. The leasing company argued that ownership transferred upon delivery, while the bankruptcy administrator contended that possession remained with the airline until the engines were removed. The court ruled that without actual physical control or possession, the leasing company could not establish the necessary conditions for property rights over the engines.