Exhibit 10.10


                              EMPLOYMENT AGREEMENT
                            Signed on March 20, 2006



                                     BETWEEN

SHABTAI MOSHIASHVILI, from Israel (Shabtai)

                                       AND

LIMCO AIREPAIR  INC., a company  organized and existing under the laws of OK, of
5304 South Lawton Avenue, Tulsa Oklahoma 74107, USA. (THE "COMPANY")

WHEREAS -

(a)      As of Mar 20, 2006 Shabtai is acting as the CFO of the Company; and

(b)      The Company and Shabtai ("THE  PARTIES") wish to establish the terms of
         Shabtai employment by the Company;

NOW  THEREFORE in  consideration  of the mutual  covenants  set out herein,  the
Parties agree as follows:  -

1.    THE OFFICE - Shabtai  shall serve as a CFO of the Company and shall report
   and be subject to the instructions of the CEO of the Company. All the finance
   activities in the company will report directly to the CFO.

2.    BASE SALARY - Effective Mar 20th,  2006 Shabtai's  gross salary is $85,000
   per year. The salary will be adjusted once a year  (commencing  Jul 1st 2007)
   according to the United States Consumer Price Index (CPI),  but not less than
   3% when the  annual  profits  (before  tax and  excluding  capital  gains and
   subsidiaries profit) according to the annual audited and financial statements
   of the Company ("THE PROFIT"), is over $500K.

3.    YEARLY BONUS - following  the end of every full year of  employment by the
   Company  (starting 2006) Shabtai will be entitled to a yearly bonus of 0.75 %
   of the Profit  (excluding  capital gains and subsidiaries  profit) to be paid
   upon signing the audited  financial  statements  for that year.  For 2006, it
   will be prorated.

4.    EXPENSES  REIMBURSEMENT  - The  Company  shall  reimburse  Shabtai for all
   expenses  required in the  performance  of his duties  under this  agreement,
   including  car,  traveling  expenses  inside  and  outside  the USA and other
   expenses  included in the  Company's  budget.  (This include one time a year,
   visiting the parent company in Israel).

5.    ADDITIONAL  BENEFITS - All Company  benefits as paid to other  officers of
   the Company.

6.    TAXES - Salary and bonus are taxable and are gross  amounts.  Any tax will
   be born by Shabtai.

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7.    MOVING  EXPENSE  - The  company  will pay one time  $2000,  30 days  after
   arrival for all relocation  cost and one time $2000 at termination for moving
   back to Israel, if the contract will be terminated after more than a year.

8.    TERMINATION - Each Party may terminate this Agreement  without cause, with
   30 days advance  written  notice ("THE ADVANCE  NOTICE  PERIOD") to the other
   Party. The Company,  at its sole discretion,  may terminate the employment of
   Shabtai prior to the end of the Advance Notice  Period,  but will have to pay
   Shabtai  all his salary and other  benefits  for the  entire  Advance  Notice
   Period.

   Notwithstanding  the above the Company may  terminate  this  Agreement at any
   time with an  immediate  effect  provided  it is "for  cause" and without any
   obligation  of the Company to bear or to pay any amount for the period  after
   such a termination.

   "TERMINATION  FOR  CAUSE"  includes  conviction  in a criminal  offence  with
   degradation  or if Shabtai  acted in disloyal  manner vis a vis the  Company,
   disobedience  to the  instructions  of the President,  or makes a substantial
   breach of this agreement.


9.    INDEMNIFICATION  - THE COMPANY'S  officers are  indemnified by the Company
   with regards to normal  business  activities,  to include third party actions
   provided  it is not a claim "for cause" by Shabtai  (as  defined  above).  In
   addition,  and for clarification,  legal defense against any actions by third
   parties with regards to Shabtai  employment with the Company will be provided
   to him by the  Company and any costs  arising  from such  action,  other than
   those for cause, will be the responsibility of the company.

10.   SECRECY,  CONFIDENTIALLY  AND NON COMPETE.  During the Agreement  term and
   afterwards,  Shabtai  shall  keep and  treat  this  Agreement  and any  other
   information  deriving  from his  employment  or  connecting  with the Company
   operations as confidential information.

   During  the  term of  employment  and for a period  of  twelve  months  after
   termination  for any reason,  Shabtai shall not - within any  jurisdiction in
   which the  Company is  transacting  business or has  authorized  others to do
   business - directly or indirectly own, manage, operate,  control, be employed
   by, provide  consulting  services to or for, or participate in the ownership,
   management,  operation  or control of, any manner  with,  any business of the
   type and character engaged in or competitive with that have been conducted by
   the Company  including the  manufacturing,  sale and/or  overhaul of aircraft
   ducts and heat exchangers and their  components and other business engaged in
   by the Company at the time during the term of employment.

   If this Agreement is terminated for any reason Shabtai agrees not to disclose
   or use any  information  of the Company that is not  available to the public,
   not to hire, employ or offer, directly or indirectly,  to any employee of the
   Company an alternative employment opportunity.

11.   NOTICES.  Any notice under the Agreement  shall be in writing and shall be
   effective when actually  delivered in person or three days after being mailed
   to the party at the address

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   stated in the  Agreement or such other  address as either party may designate
   by written notice.

12.   ENTIRE  AND  BINDING   AGREEMENT.   The   Agreement   contains   the  full
   understanding and agreement between and among the Parties regarding Shabtai's
   employment and the  termination and supersedes any prior  understandings  and
   agreements.  The  Agreement  and any  subsequent  amendments  or  attachments
   formally executed shall be binding upon the heirs, executors, administrators,
   successors and assignees of the parties hereto.

13.   GOOD FAITH AND  COOPERATION.  The  parties  hereto  covenant,  warrant and
   represent to each other good faith,  complete cooperation and honesty in fact
   in the performance of all obligations pursuant to the Agreement. All promises
   and covenants are mutual and dependent.

14.   SAVING CLAUSE.  If any provision of the Agreement,  or the  application of
   such provision  shall be held invalid,  the remainder of the Agreement or the
   application of such provision to persons or circumstances other than those as
   to which it is held invalid shall not be affected thereby.

IN WITNESS  WHEREOF,  the Parties have agreed and are duly authorized to execute
this Agreement the day and year first herein above written.




For and on behalf of

/s/ Shaul Menachem                                /s/ Shabtai Moshiashvili
__________________                                _______________________
Limco Airepair Inc.                               Shabtai Moshiashvili

By: Shaul Menachem

Title: Chief Executive Officer

Date:  3/20/06