Thielert’s Troubles: Criminal Investigations, and a Cash Crunch

There are maybe one of two of you out there who recall a couple of posts (here and here) just under a year ago about Thielert, a company that seemed to be on the verge of "great things" with its line of turbocharged diesel commercial aircraft engines.

While the tech might still be first rate, and it does sound so, the company appears to be in serious financial, and possibly legal, trouble.

It appears that the company may be very near insolvency, either through booking non existent orders to puffing up the balance sheet, or through customers who are seriously late in making payments for products that are already shipped.

My money is on the second, as two (perhaps all) of the management board have been dismissed by the board of directors.

It's a pity. It's nice well developed tech.