The opinion of the court was delivered by: TROUTMAN
1. This is a declaratory judgment action brought to determine whether a certain policy of insurance on an airplane is applicable to an accident which occurred on June 22, 1978.
2. The Plaintiff, Ideal Mutual Insurance Company, hereinafter "Ideal" is a New York Corporation.
3. The other Plaintiff, Global Aviation, hereinafter "Global", is a Louisiana Insurance Company.
4. The Defendant, Limerick Aviation Company, hereinafter "Limerick," is a Pennsylvania company.
5. Uwe Buehl, a principal in Limerick was at the time of suit a resident of Pennsylvania.
6. General Electric Credit Corporation, hereinafter "G.E.", is a Tennessee corporation.
7. If the Insurance Policy was valid, the sums payable would exceed $10,000.
8. Thus this Court has jurisdiction.
9. Plaintiff "Ideal" is a corporation which writes insurance policies on airplanes and which issued the subject policy in this case.
10. Plaintiff "Global" is an insurance broker that received the application for insurance from Limerick Aviation and made the underwriting decisions as to issuance, and set forth the conditions governing the policy. Global then had the policy written through Ideal.
11. "Limerick" was a company that was involved in the sale and use of airplanes. It was the named insured under the Ideal policy and the ...