Thielert Report Card: Mixed Experiences
In business, its axiomatic that eight of 10 startups fail within three years. In general aviation, if anyone bothered to track them, the odds are probably a little worse. Nonetheless, when Thielert Aircraft Engines GmbH went belly up in the spring of 2008, it was a surprise to many who had been following the company casually. Diamonds innovative DA42 was selling well, the engines seemed to be performing and with avgas threatened, the trend line appeared to point in only one direction: up. Yet in the summer of 2011, the company remains under the bankruptcy protection of German law. But it also continues to operate, delivering both new engines and parts, albeit at high prices.