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Doering's ZoneApril 26 Thielert Aircraft Engines Files For InsolvencyMajor Implications for Diamond and Cessna aircraft! The following text has been adapted from AVFlash News published April 26, 2008. Thielert Aircraft Engines has thrown in the towel after its share prices dropped to near penny stock levels as the crisis over its financial reporting practices deepens. Thielert filed for insolvency on Friday as its share price dipped to .35 Euros. It's traded as high as 25.22 since it went public in 2005. The very existence of the company is now in question as the insolvency process begins. "The going concern of Thielert Aircraft Engines GmbH can only be ensured permanently by restructuring activities with the support of investors, due to the fact that the Holding Thielert AG is not capable to do so anymore," the company's supervisory board said in a statement.
Meanwhile a new executive board must be named, along with an
interim insolvency trustee who will present a plan to creditors and the
acceptance of this plan is crucial to the business continuing. On
Thursday, the board dismissed company founder Frank Thielert and Chief
Financial Officer Roswitha Grosser after receiving results of
preliminary criminal investigations into their activities. The
situation has major implications for aircraft companies like Diamond
and Cessna, which manufacture aircraft with Thielert diesels. "We are
in touch with the senior leaders there and we continue to assess the
situation as it unfolds," Cessna's Doug Oliver told AVweb. July 26 This topic always grabs my attention!Electric powered aircraft. And one company with a research investment is Sonex Aircraft. My interest in electric motors/power originates from one of my hobbies with RC airplanes and fast electric boats all powered with electric motors. For the majority of speed records in the modeling world of boats and airplanes, the power is supplied by brushless motors and lithium polymer batteries. Battery chemistry evolves on a monthly basis with the production of smaller and lighter batteries that pack more electrons. And we are talking speed here! The current straightaway speed record for a model boat is just over 140 mph! Yes ..... miles per hour. In relation to real world aircraft, Sonex Aircraft, LLC and AeroConversions recently unveiled their E-Flight Initiative for Sport Aircraft Alternative Energy Research and Development. Read more here: http://www.sonexaircraft.com/press/releases/pr_072407.html July 22 D-Jet Roll OutOn Friday, July 20, 2007 Diamond Aircraft celebrated the roll out of D-JET S/N002. An absolutely picture perfect day for the event in London Ontario. It's distinctive and it's a beauty in Diamond Aircraft fashion! Read more in the Diamond Press release: http://www.diamondair.com/news/2007_07_20.php June 19 TileProxy Beta 5Well, I'm quite impressed by some of the videos being created in FSX with TileProxy serving as the terrain. If you visit AVSim you can catch up with all the latest developments in the TileProxy Project forum. Beta 5 version was released on June 15/07. As more individuals tweak their settings, some beautiful landscapes are being captured in screenshots and videos. Try this one over the Grand Canyon: http://www.edtruthan.com/tileproxy/clips/TPB5_GrandCanyon.wmv Check out these 2 screenshots (courtesy of Ed Truthan) over Marble Canyon. Arizona. And remember, these shots are heavily compressed! More details in their beauty can be seen at AVSIM. Who would have ever imagined it would get this real, this soon? |
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