By Ali Abunimah
"....As the earlier post explains, Cirrus has a long history of working with Israeli companies and recently chose an Israeli military contractor called TAT Technologies to supply $10 million worth of aircraft parts. TAT Technologies is run by Israeli military officers, including a former commander of Israeli occupation forces in southern Lebanon, and its factory is built on the land of the ethnically-cleansed Palestinian village of Yasur.
"....As the earlier post explains, Cirrus has a long history of working with Israeli companies and recently chose an Israeli military contractor called TAT Technologies to supply $10 million worth of aircraft parts. TAT Technologies is run by Israeli military officers, including a former commander of Israeli occupation forces in southern Lebanon, and its factory is built on the land of the ethnically-cleansed Palestinian village of Yasur.
Since publishing that post, I have received new information from a former employee who is also a current minority shareholder at Cirrus. According to this individual Atalla was an active board member of Cirrus until 2001, but was forced to resign along with other independent board members when another investor, the First Islamic Investment Bank of Bahrain took a majority stake in Cirrus. Atalla and his firm NEST U.S.A. Inc. remain shareholders of Cirrus as of this time, according to NEST's own website.
In 2005, the First Islamic Investment Bank of Bahrain changed its name to Arcapita. Arcapita is financed by investors in Kuwait, Qatar and Saudi Arabia and is well-connected to those countries' ruling families.
The Arcapita website states on its current corporate investments page that it acquired a stake in "Cirrus Design Corporation" in 2001, but does not say how big the stake is. A 2007 report on aviation industry website AVweb, put Arcapita's stake at a controlling 58 percent......"
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