In 1928 he rescued Umberto Nobile after Nobile"s airship crash on the ice north of Spitsbergen. He was later promoted to captain in the Swedish Air Force. Before joining the airforce, Lundborg participated in the Finnish Civil War in 1918 and in the in 1919–1920.
Lundborg was killed during a test flight of the Jaktfalken airplane at Malmslätt in 1931.
He is buried in Linköping, Sweden.
Estonian War of Independence Cross of Liberty 3rd class II phase (August 17, 1920) Estonia"s war memorial Finnish War Cross of Liberty Class III with Swords and Class IV with Swords(Finland) Order of the White Rose of Finland, Commander 2nd class Finnish gallantry medal, Phase II Swedish Brigadier gallantry medal Medal of Tampere Russian Army in the Northwest Order of Saint Vladimir, 4th class with Swords Order of Saint Anna, 3rd class with Swords German Army Iron Cross, I and II Classes.