Document:

Exhibit 10.8

                                 LOAN AGREEMENT

This Loan Agreement (the "AGREEMENT") is made as of the 30 day of June, 2005 BY
AND BETWEEN

(1) TAT Technologies Ltd. (the 'TAT"), an Israeli public company, having its
registered office at the Industrial Zone Yasur, Gedora, Israel; and

(2) Limco Airpair Inc. ("THE COMPANY") a private company having its register
office at 5304 South Lawton Avenue, Tulsa Oklahoma 74107, USA.

                                    RECITAL

WHEREAS, the Company has requested that TAT and TAT has agreed to lend the
Company an amount of U.S.$6 million in order to purchase Piedmont Aviation
Component Services L.L.C ("PIEDMONT"), all upon the terms and conditions more
fully set forth herein; and,

WHEREAS, TAT is borrowing the amount of US$ 6 million, to be lent to the
Company, from Bank Leumi Lelsreal Ltd. ("THE BANK" and "THE LEUMI LOAN",
respectively), according to a Loan Agreement between TAT and the Bank ("THE
LEUMI LOAN AGREEMENT") attached by reference as APPENDIX A to this Agreement and
constitute an integral part thereof, and providing securities for the Leumi
Loan;

THEREFORE, in consideration of the foregoing, the parties, intending to be
legally bound, agree as follows:

1.    THE LOANS

      Upon the terms and subject to the conditions set forth in this Agreement
      and the Leumi Loan Agreement, TAT agrees to grant the Company, effective
      as of July 1, 2005 (the "LOAN DATE"), two loans each in an amount of US$3
      million (hereinafter - "THE FIRST LOAN" and "THE SECOND LOAN",
      respectively and together "THE LOANS"), all upon the following terms and
      conditions:

2.    LOANS TERM.

      The term of the Loans shall commence on the Loan Date and shall terminate
      no later than June 30, 2010.

3.    INTEREST.

      (a)   The First Loan shall bear annual rate of interest at 7.25% and shall
            be compounded according the terms of the Leumi Loan Agreement and
            until payment in full of the outstanding principal of the First Loan
            pursuant to the provisions contained herein.

      (b)   The Second Loan shall bear annual rate of interest at L.I.B.O.R (3
            months), as shall be determined from time to time by the Bank
            according to the Leumi Loan Agreement, plus 3% and shall be
            compounded on the outstanding principal of the Second Loan according
            the terms of the Leumi Loan Agreement until payment in full of the
            outstanding principal of the Second Loan pursuant to the provisions
            contained herein.

      (c)   Interest on the Loans shall be computed on the basis of a 365-day
            year.

4.    PAYMENT OF INTEREST AND EXPENSES.

      (a)   Interest shall be paid on the last day of each quarter, commencing
            as of the Loan Date, with each payment being.

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      (b)   Upon TAT demand the Company will immediately indemnify TAT for any
            expense it may bear with respect to the Leumi Loan including due to
            Event of Default under Section 7 hereinafter.

5.    PAYMENT OF PRINCIPAL.

      (a)   Subject to the Event of Default provisions described below, the
            principal amount of the Loans shall be repaid in three equal
            installments on June 30, 2008; June 30, 2009; and June 30, 2010.

      (b)   Notwithstanding the above, in any event that the bank will demand a
            prepayment of the Leumi Loan or any part thereof for any reason, the
            Company will prepay TAT the respective portion of the Loans
            including any Interest compounded on it until that date.

      (c)   The Company and TAT may mutually agree from time to time on
            prepayment of the Loans or any part thereof.

6.    CURRENCY; MANNER OF PAYMENT.

      The delivery of the Loans to the Company by TAT and all payments that are
      to be paid to TAT by the Company, pursuant to this Agreement, shall be
      performed in US Dollars. Payment to be made to TAT shall be to TAT's bank
      account, as SHALL be designated by TAT from time to time in a written
      notice delivered by TAT to the Company. The Company shall make such
      payments to such bank account by initiating such payments on a banking
      day, before 11.00 a.m., Israel time, by bank wire transfer in immediately
      available funds, marked for attention as indicated.

7.    EVENTS OF DEFAULT AND REMEDIES THEREOF

      (a)   EVENTS OF DEFAULT. Any one or more of the following shall constitute
            an "Event of Default" as the term is used herein;

            (1)   Any default in the payment of principal or interest when due,
                  which default shall continue for more than 5 days following
                  the delivery of a written notice by TAT to the Company; or,

            (2)   The Company is generally not paying its debts as they become
                  due, or makes an assignment of its substantial assets for the
                  benefit of creditors, or applies for or consents to the
                  appointment of a trustee or receiver for or over all the
                  assets of the Company or a substantial part thereof; or,

            (4)   A Liquidator, trustee or receiver is appointed for or over all
                  of the assets of the Company or a substantial part thereof and
                  is not discharged within 45 days after such appointment; or

            (5)   Liquidation, reorganization, arrangement, insolvency or other
                  similar proceeding under the Companies Law for the relief of
                  debtors, is instituted by or against the Company and, if
                  instituted against the Company, is consented to or is not
                  dismissed within 45 days of such institution.

      (b)   NOTICE TO TAT. When any Event of Default described in Section 7(a)
            (other than an Event of Default described in Section 7(a)(l)) has
            occurred, the Company shall give TAT a written notice within five
            business days of its becoming aware regarding such event.

      (c)   ACCELERATION OF MATURITIES. When any Event of Default described in
            Section 7(a) has happened and is continuing, TAT may, by notice in

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            writing (the "DEFAULT NOTICE") sent to the Company, declare the
            Loans due and payable, without any additional presentment, demand,
            protest or other notice of any kind, all of which are hereby
            expressly waived.

            Upon the Loans becoming due and payable as a result of any Event of
            Default as aforesaid, the Company will forthwith pay to TAT all
            principal of and interest accrued on the Loans.

            Such amounts shall be supplemented by additional interest accrued
            thereon as an arrears interest according to Leumi Loan Agreement
            from the date when the Event of Default has occurred and until the
            payment date.

            Neither any course of dealing on the part of TAT nor any delay or
            failure on the part of TAT to exercise any right shall operate as a
            waiver of such right or otherwise prejudice TAT' rights, powers and
            remedies.

            The Company further agrees, to pay TAT all expenses incurred by it
            in the implementation of its rights, powers and remedies under this
            Section 7.

8.    MISCELLANEOUS

      (a)   Recital and EXHIBITS. The Recital and the Exhibits attached to this
            Agreement constitute integral parts thereof. They are incorporated
            herein by reference and shall have the same force and effect as if
            set forth in full in the main body of this Agreement.

      (b)   GOVERNING LAW; FORUM FOR DISPUTE RESOLUTION. This Agreement shall be
            governed by the laws of the State of Israel. Any dispute arising
            under or with respect to this Agreement shall be resolved
            exclusively in the appropriate court in Tel Aviv, Israel.

      (c)   NOTICES.

            All notices required or permitted hereunder to be given to a party
            pursuant to this Agreement shall be in writing and shall be deemed
            to have been duly given to the addressee thereof (i) if hand
            delivered, on the day of delivery, (ii) if given by facsimile
            transmission, on the business day on which such transmission is sent
            and confirmed, (iii) if given by air courier, two business days
            following the date it was sent or (iv) if mailed by registered mail,
            return receipt requested, five business days following the date it
            was mailed, to such party's address as set forth in the preamble of
            this Agreement or at such other address as such party shall have
            furnished to each other party in writing in accordance with this
            provision.

      (d)   ENTIRE AGREEMENT.

            This Agreement constitute the entire agreement among the parties
            regarding the transactions contemplated herein, and may not be
            amended except by written instrument, executed by both parties.

      (e)   HEADINGS.

            The headings contained in this Agreement are solely for convenience
            of reference and shall not affect the interpretation of this
            Agreement.

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      (f)   COUNTERPARTS.

            This Agreement may be executed in one or more counterparts, each of
            which shall be deemed an original, but all of which together shall
            constitute one and the same instrument.

      (g)   ASSIGNMENT.

            Except if mutually agreed upon, the Company will not sell, assign,
            transfer, or otherwise convey any of its rights or delegate any of
            its duties under this Agreement.

            TAT may assign its right herein by simple notice to the Company.

      (h)   DELAYS OR OMISSIONS: WAIVER.

            No delay or omission to exercise any right, power, or remedy
            accruing to either the Company or TAT upon any breach or default by
            the other party under this Agreement shall impair any such right or
            remedy nor shall it be construed to be a waiver of any such breach
            or default, or any acquiescence therein or in any similar breach or
            default thereafter occurring.

      (i)   FURTHER ACTIONS.

            At any time and from time to time, each party agrees, without
            further consideration, to take such actions and to execute and
            deliver such documents as may be reasonably necessary to effectuate
            the purposes of this Agreement.

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
            date first above written.

TAT TECHNOLOGIES LTD.

By:    /s/ Dov Zeelim
       --------------

Name:  Dov Zeelim
       ----------

Title: President
       ---------

LIMCO AIRPAIR INC.

By:    /s/ Shaul Menachem
       ------------------

Name:  Shaul Menachem
       --------------

Title: President
       ---------April 16, 2007

Securities and Exchange Commission
Washington, D. C. 20549

Commissioners:

We have read Limco-Piedmont, Inc.'s statements in its Form S-1 dated April 16,
2007, under the caption "Change in Accountants" included pursuant to Item 304 of
Regulation S-K. We agree with the statements concerning our firm made in the
second and third paragraphs, the first sentence of the fourth paragraph and the
sixth paragraph. We have no basis to agree or disagree with the first paragraph,
the second and third sentences of the fourth paragraph, and the fifth paragraph.

/s/ Tullius Taylor Sartain & Sartain LLP

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