BUYERS INTERESTED IN SR TECHNICS.Byline: Staff and Wire Services PALMDALE - The parent company of a jet modification plant that employs 600 people in Palmdale said Wednesday that it is drawing interest from potential buyers. Switzerland-based SR Technics tech·nic n. 1. technics (used with a sing. or pl. verb) The theory, principles, or study of an art or a process. 2. technics (used with a pl. verb) Technical details, rules, or methods. 3. is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a purchaser because of the collapse of sister company Swissair, the Swiss national airline. The Swiss government said Wednesday that it obtained a $625 million credit facility that will keep Swissair running for the next several months. Peter Siegenthaler, the head of a Swiss government task force trying to save the airline, had set a deadline of Wednesday afternoon to receive clear signals of how SR Technics and two other support companies from the Swissair Group would be financed until they are eventually sold off. There will be no more government money, he said. SR Technics and information technology company Atraxis said Wednesday that they were finding buyer interest. SR Technics is in sale talks with several potential investors, spokesman Dominik Mueller told Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July . He said SR Technics would need $19 million by Nov. 9 to keep going or would have to ask for creditor An individual to whom an obligation is owed because he or she has given something of value in exchange. One who may legally demand and receive money, either through the fulfillment of a contract or due to injury sustained as a result of another's Negligence protection, as several Swissair units have already done. Mueller said it was unlikely that an investor could be found by then. Information technology company Atraxis, which provides computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. booking services for several airlines, said it has found buyers that could take it over within the next two weeks. ``We are talking with several interested parties,'' said Stefan Leser, a member of Atraxis' executive committee. The third company, baggage and freight handler A software routine that performs a particular task. It often refers to a routine that "handles" an exception of some kind, such as an error, but it can refer to mainstream processes as well. The term is typically used in operating systems and other system software. Swissport, looks set to be sold to a British private equity group soon. Regional airline Crossair took over many of the Swissair services Sunday after the government and private investors came up with a $2.65 billion rescue package. Swissair shut down for two days in October when creditors stopped providing services. Swissair was already suffering from a failed expansion strategy that led to a loss of 2.9 billion Swiss francs Noun 1. Swiss franc - the basic unit of money in Switzerland franc - the basic monetary unit in many countries; equal to 100 centimes centime - a fractional monetary unit of several countries: France and Algeria and Belgium and Burkina Faso and Burundi and in 2000 even before the Sept. 11 terrorist attacks that have severely affected the airline industry. The company estimated that the U.S. attacks would cost the group up to $2.3 billion more by the end of this year. |
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