Lufthansa Technik is now the sole owner of AirLiance Materials after purchasing its partners’ shares of the Chicago-based spare parts services provider. United Airlines, Air Canada and Lufthansa Technik formed the joint venture company in 1998, with LHT holding the majority of shares.
The companies did not disclose the acquisition price or closing date.
LHT intends to expand AirLiance Materials’ service portfolio and provide resources to enable it to expand its international airline customer base and reach.
AirLiance Materials CEO David Sisson retired at the end of 2011 and Roscoe Musselwhite assumes the CEO and president roles. Musselwhite has played a pivotal role in the company since its inception and formerly served as chief operating officer and executive VP.