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."

FMI: www.kueblerlaw.com, www.centurion-engines.com