Aircraft Ownership
Positive prospects for Thielert, bankruptcy official says
The bankruptcy administrator appointed to oversee the insolvency of Thielert Aircraft Engines said in a letter to Thielert customers that business operations will continue, at least temporarily, to maintain product viability and preserve reorganization opportunities.
German attorney Bruno M. Kubler said Thielert is in a position to fill all orders it has accepted and to do so with the usual level of quality and reliability. That’s good news for Diamond Aircraft, which has 30 Thielert-powered DA42 twin-engine aircraft in various stages of completion. Diamond senior management will this week seek a meeting with Thielert leadership and the insolvency administrators. Of special concern is the ability to support DA42 aircraft with spare parts.
Diamond is compiling a central inventory of all new and serviceable used spare parts and intends to place orders with the insolvent Thielert for a significant spare parts inventory, the company said in a letter to customers and service centers.
May 5, 2008
