LINDA RIEGLE, United States Bankruptcy Judge.
Upon the application (the "Application") of National Airlines, Inc., the above-captioned debtor and debtor in possession (the "Debtor"), seeking entry of an interim order pursuant to sections 327(a) and 328(a) of the Bankruptcy Code, 11 U.S.C. § 101 et seq. (the "Bankruptcy Code"), and Rules 2014(a) and 2016 of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules"), authorizing the retention and employment of Wasserstein Perella Co. ("WPCo.") as financial advisor to the Debtor and for the approval of the proposed terms of such employment set forth in the Engagement Letter dated as of December 20, 2000, attached as Exhibit A to the Application (the "Engagement Letter"); and upon the Affidavits of Raymond T. Nakano (the "Nakano Affidavit") and Alexander D. Greene (the "Greene Affidavit") in support of the Application; and due notice of the Application having been given to the Office of the United States Trustee for the District of Nevada, counsel for the Official Unsecured Creditors Committee; and after due deliberation and sufficient cause appearing therefore; it is hereby FOUND THAT:
A. WPCo. does not have or represent any interest materially adverse to the interests of the Debtor or its estate, creditors or equity interest holders.
B. WPCo. is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code.
C. Dresdner Bank AG and its affiliates and senior personnel do not have or represent any interest materially adverse to the interests of the Debtor or its estate, creditors or equity interest holders.
D. Dresdner Bank AG and its affiliates and senior personnel are "disinterested persons" as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code.
E. The retention and employment of WPCo. is necessary and in the best interests of the Debtor and its estate, creditors, and interest holders.
Therefore, it is hereby ORDERED THAT:
1. The Application is GRANTED and APPROVED for an Interim Period extending until March 14, 2001.
2. A Final Hearing on the Application shall be held on March 14, 2001, at 3:30 p.m.
3. The U.S. Trustee, the Official Unsecured Creditors Committee, and all other parties-in-interest shall reserve their rights to object to the Application either in part, or in its entirety, through 12:00 p.m. March 14, 2001.
4. The Debtor shall serve notice of this Interim Order to the parties in interest, the Office of the U.S. Trustee and the Official Service List.
5. Any party objecting to the Application must do so in writing, and file such objection with the Court no later than 12:00 p.m. March 14, 2001. Any such objection must be served within the above noted objection period on counsel for the Debtor as follows:
6. This Court shall retain exclusive jurisdiction to construe and enforce the terms of the Application, the Engagement Letter, and this Interim Order.