20 July 2008
Diamond Drops Out of Running for Thielert Purchase
I've been posting a lot on the insolvency of innovative aircraft diesel manufacture and the conflict with it's primary customer, Diamond Aircraft.
Well, it appears that their divorce is now final, with Diamond washing its hands of a bid for the engine manufacturer, and hoping for certification of its aircraft diesel in the next few months, followed by swapping out the old Thielert diesels.
Seeing as how much of the purchase price of the Thielert engine included scheduled maintenance, and now that it is in bankruptcy, it's no longer covered, this is probably the best course of action for Diamond.
Background here.
Well, it appears that their divorce is now final, with Diamond washing its hands of a bid for the engine manufacturer, and hoping for certification of its aircraft diesel in the next few months, followed by swapping out the old Thielert diesels.
Seeing as how much of the purchase price of the Thielert engine included scheduled maintenance, and now that it is in bankruptcy, it's no longer covered, this is probably the best course of action for Diamond.
Background here.
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Aviation
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Finance
,
technology
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