News, facts, and comments on the coming revolution for piston-engine aircraft.
In 1998, one diesel engine flew on a converted airplane for the first time since 1945. Today, close to 4,000 singles and twins are flying. This is the beginning of a worldwide trend which will eventually allow a rebirth of the piston-engined aircraft, around new specs and new missions.
DieselAir Research, Inc., the publisher of The DieselAir Newsletter, offers strategic intelligence services to the aircraft industry, its suppliers and its customers who ambition to benefit from this global change of paradigm which will mean new markets, new concepts, new services, new materials and components… You may be interested in our services if your firm designs and/or manufactures aircraft and components, aero engines, avionics, propellers and engine components, fuel systems or additives, advanced materials, or industry specific machinery for manufacturing of these; or provides aviation services such as fuel production or distribution; flight training, aircraft chartering, maintenance and operations (FBO’s); or airport management and design, traffic control, hangar, materials handling and storage equipment; or consulting and financial services for these industries; or advertising, sales promotion, trade shows, specialized publications.
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News of July 05, 2008
Investors search process underway at Thielert, says Administrator
Lichtenstein, Saxony, 7/4/08 – On July 1, 2008 Chemnitz Local Court opened insolvency proceedings against Thielert Aircraft Engines GmbH. Bruno M. Kuebler, who has already served as the preliminary insolvency administrator, was appointed as insolvency administrator. Business operations will continue unchanged even after opening of the insolvency proceedings. The transition from preliminary to opened insolvency proceedings is a purely formal act that has no noticeable effects on the relations of the company with suppliers or customers. The process of finding an investor for the company also got underway with commencement of the insolvency proceedings. ‘An investor who is capable of securing the existence of the company on a long-term basis at its business locations and continues to develop the leading position of Thielert on the market for diesel piston engines should get the nod,’ said Kuebler. ‘Of course, the purchase price also plays a role.’ The process of finding an investor will be carried out in several stages. Kuebler already wrote to more than fifty prospective buyers on July 2, 2008. This correspondence contains a brief exposé of the company as well as a confidentiality agreement which the prospective buyers are required to sign and return by July 16, 2008 if they plan to participate in the process to find an investor. Such investors will then receive more comprehensive information about the company toward the end of July 2008. Those prospective investors who then desire to enter into purchasing negotiations on the basis of this information memorandum must then state their interest in purchasing the company and submit a nonbinding purchase price offer in the form of a ‘Letter of Intent.’ These potential investors will in turn be invited to the ‘due diligence’ and given access to the data room with complete information about the company. Thereafter the purchasing negotiations which may take up to several weeks will begin. The insolvency administrator does not expect the required negotiations to be concluded before September 2008. Kuebler also asks the public to be aware that no information may be published on prospective investors or the state of negotiations until successful conclusion of the required discussions with investors in order not to jeopardize these discussions through indiscretion. (Press contact: Christoph Moeller, email@example.com)
posted at 4:10 PM
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Every month: news, facts, and comments on the coming revolution for piston-engines aircrafts between 130 and 400 HP: Retrofitting a diesel engine to run on Jetfuel or Kerosene, reduce Gallons/Hour by some 30%, eliminate ignition systems (magnetos, spark plugs) and their problems, eliminate mixture control, increase TBO to 2,400-3,000 hours, increase performance between 6,000 and 12,500 ft., and drastically reduce Operating Costs.
The letter is intended for piston engines aircraft owners, manufacturers, fleet operators and FBOs, re-manufacturers of engines for these aircrafts, manufacturers of engine components and ancillaries, and all professionals acting in decisions of engine exchange or refitting at TBO, in North and South America, Pacific Rim, African continent, and all parts of the world were Avgas, Mogas, Kerosene and Jetfuel are available.
The DieselAir Newsletter is a confidential publication available only as printed material sent by mail (airmail for overseas), to fully identified individuals or businesses involved in General Aviation. Forums and online content may be printed at discretion of the publisher.