The administrator for insolvent German aircraft engine manufacturer Thielert Aircraft Engines has established a separate company dedicated to the global sales and marketing of the Centurion diesel engine and spare parts.
Centurion Aircraft Engines “will be unaffected by the insolvency proceedings” said administrator Bruno Kübler at the Aero Friedrichshafen general aviation trade show on 2 April.
By establishing the new company, Kübler said he is “responding to the growing demand in the business with replacement and re-equipped engines for Diamond, Robin, Piper and Cessna aircraft and Centurion can quickly establish itself on the market without the burden of the insolvency stigma.” Centurion will also be sold as part of the Thielert estate, Kübler said.
 |
|---|
© Kate Sarsfield/Flight International |
To date more than 2,000 Centurion 1.7, 2.0 and 4.0 engines have been sold, accumulating a more than 1.5 million flight hours across the fleet of new and used aircraft.
Through the new entity, Centurion is offering a two-year extended warranty on all newly manufactured engines and spare parts.
Meanwhile, Thielert continues to seek investors to bring the company out of insolvency, which it entered a year ago. “We are not in any hurry to make a quick sale. We are still building engines and Thielert can still generate a modest profit,” Kübler said. “There are a number of interested parties with whom we are conducting negotiations, but we are willing to wait until the right offer comes along even if it means having to wait until the recession ends.”
Source: Flight International
