Advertisement

VALLEY BUSINESS | REGIONAL ROUNDUP

Lufthansa Technik Buys 40% of Hawker Pacific Stock

September 26, 2000

Lufthansa Technik AG has acquired a controlling interest in Hawker Pacific Aerospace in Sun Valley, the companies announced.

LHT, a wholly owned subsidiary of the German airline Lufthansa, bought 40% of Hawker Pacific's common stock from the shareholders of Unique Investment Corp. LHT said it could increase its interest to 60% by exchanging convertible stock it has purchased from another private investor group for a $9.3-million investment in Hawker Pacific Aerospace, subject to the approval of Hawker's shareholders.

Hawker Pacific services aircraft landing gear. The acquisition increases LHT's presence in North America.

Advertisement
Los Angeles Times Articles
|
|
|