Thielert in trouble

[Pirkka]

Thielert AG: Subsidiary Thielert Aircraft Engines GmbH filed for insolvency

"Hamburg/Germany - Today the executive board of Thielert Aircraft Engines GmbH, Lichtenstein, Saxony/Germany, has filed for the opening of insolvency at the county court Chemnitz concerning the assets of the company due to immediate illiquidity. Thielert Aircraft Engines GmbH is a full subsidiary of Thielert AG.

The going concern of Thielert Aircraft Engines GmbH can only be ensured permanently by restructuring activities with the support of investors, due to the fact that the Holding Thielert AG is not capable to do so anymore. As a consequence Thielert Aircraft Engines GmbH aims for an insolvency plan proceeding. The insolvency plan shall be presented to the court and all creditors by the new appointed executive board and the interim insolvency administrator until the opening of the insolvency proceeding. A successful continuation of business in the insolvency plan proceeding is required."

That is available at http://web.thielert.com/typo3/index...._news=1211&L=1


And if that was not enough:
http://www.defenseindustrydaily.com/...-Crunch-04801/

[rv6ejguy]

Sorry to hear this but am not surprised. Hope they can get this back on the rails or a lot of Diamond aircraft will be looking for Lycoming retrofit kits and the Cessna diesels will be too.

Gotta put out reliable hardware or the warranty replacements will kill you.

[N941WR]

This is a real bummer!

I was looking forward to some other engine choices for the future.

BTW, don't tell George. Isn't the Thielert a modified MB engine?

[jtrusso]

It's sad when a company fails due to bad decisions by management, it's really sad when a company fails due to potentially criminal acts by Management.

from AVWeb:

"The supervisory board of Thielert AG, the German company that manufactures Thielert diesel aircraft engines and also owns Texas-based Superior Air Parts said in a statement today it has dismissed "with cause" company founder Frank Thielert and cancelled his employment contract in light of preliminary findings of a criminal investigation into the company's financial affairs. The board also dismissed Chief Financial Officer Roswitha Grosser and cancelled her contract."


http://www.avweb.com/avwebflash/news..._197722-1.html

[SvingenB]

This is not good. I hope someone picks up the pieces and continue producing this engine.

[Ironflight]

I wonder what this is going to mean for Superior? I am no businessman, so I have no idea what happens to a company when the parent company files for bankruptcy.....and they are in different countries!

[flion]

Superior is a subsidiary of AG, not Thielert Aircraft Engines GmbH. That said, I'm not sure what that will do to their supply of parts. I guess I'll have to be very careful with my new IO-360...

[rv6ejguy]

Thielert does machining on many Superior parts I understand. This is not good for anybody except maybe Lycoming. Just the cloud over all this is going to hurt Superior unfortunately.

[Bob Brown]

Superior's website says it's owned by Thielert AG. When you click on the link, it takes you to thielert.com, where it shows a pic of the diesel...
Not sure who owns who, but I hear thru the engine builder grapevine that Superior has been having a hard time supplying engines lately (since or before early 2008). I too hope all is well.

[az_gila]

Originally Posted by flion

Superior is a subsidiary of AG, not Thielert Aircraft Engines GmbH. That said, I'm not sure what that will do to their supply of parts. I guess I'll have to be very careful with my new IO-360...

No problem.... ECI and Lycoming parts will fit your Superior IO-360.... that's how they made it...

gil A

...now warranty issues are another ball of wax....:rolleyes: