Thielert Has Students Biting Their Nails

May 26, 2008 · Filed Under Aviation Related · 1 Comment 

Thielert, who produces the diesel engine for Diamond’s Twinstar, has filed for bankruptcy the day after ousting Chief Financial Officer, Frank Thielerton on April 23rd. For years, the company looked promising having bought out Superior Air Parts and striking deals with Diamond and Cessna, but was recently accused for writing false invoices for fictitious sales in a scheme designed to pump up share prices and secure loans.

The problem for many students undergoing flight training, such as myself is that Diamond’s Twinstar is very unique and sophisticated. It has become a popular multi-engine trainer and requires special parts and inspections. My flight school currently has two DA42’s, one being down for the next few months because of multiple engine failures, while the other is 50 hours away from having the gearbox shipped back to Germany. With the company already in bankruptcy and shares worth zilch it could collapse at any time. For me, this means that I have approximately two weeks to cram the finishing touches on my Commercial multi-engine training before the Twinstar enters the unknown.

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