Tue, Nov 30, 2010
Company Feels it Is Poised To Take Advantage Of Any Recovery In
GA
The insolvency administrator of
aircraft engine manufacturer Thielert Aircraft Engines GmbH has
started actively looking for a new investor for the
company. The German diesel piston aircraft engine manufacturer says
it has returned to sustained profitability, and has made
significant technical improvements to its engines. The company also
feels it stands to benefit from the anticipated revival in the
general aviation industry.
"It is a very good time to start seeking a new investor," said
administrator Bruno M. Kübler. "Thielert is a reorganized,
healthy company. At the same time, overall economic conditions are
improving, and the 'big players' are starting to invest again in
order to take part in this upswing." Thielert Aircraft Engines GmbH
has been under administration by Kübler since 2008.
Kübler said despite the
progress made in reorganizing the company, the first investor
process ground to a halt as a result of the global financial
crisis. Accordingly, he said he focused on taking the company back
to profitability, and developing and improving engines. Thielert
says it has been in the black since the beginning of 2009, and the
company's Centurion engines are used both in civil aviation as well
as in the UAV market
"The acquisition of Thielert would give any potential investor
the opportunity to access the market immediately with a highly
innovative and profitable company, and with the prospect of
capturing a rising market share of the aircraft engine sector in
the long-term," emphasizes Kübler. He said the company is
further aided by the current focus in GA to find an alternative
fuel to replace conventional 100LL Avgas. Thielert was the first
company in the world to receive approval for diesel/kerosene piston
engines, and could be percieved as having a head start in terms of
experience and development expertise. "Aviation experts are
unanimous that the proportion of diesel/kerosene engines is set to
rise globally in general aviation," said Kübler. "The prospect
of this kind of market development makes the acquisition of
Thielert exceptionally attractive for investors."
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