All Stories
Follow
Subscribe to Thielert AG

Thielert AG

Review: Thielert 2005

Hamburg (ots)

Thielert Aktiengesellschaft saw a number of
highlights in the year 2005. Sales of the core product, the Centurion
1.7 jet fuel/kerosene piston aircraft engine for general aviation,
continued to be very strong. This trend has been  pushed by the
Initial Public Offering of Thielert AG and the extension of the
service network. Since the maiden flight of a Thielert aircraft
engine five years ago the company was able to enter the market with a
large number of aviation certifications. Thielert achieved no fewer
than 110 further international certifications for various aircraft
models. The company has successfully concluded long lasting
negotiations with an international defence technology customer.
Sales of aircraft engines continued to be very strong in 2005, as
in previous years.  One of Thielert's customers, Diamond Aircraft
Industries, accounted for a particularly large proportion of these
sales; this customer is now successfully operating in China as well
with their DA40 and DA42 aircraft, and Thielert's CENTURION engines,
and has announced their entry into the US market for January 2006.
The popularity of Thielert's retrofit kits that are developed for
Cessna and Piper aircraft increases constantly. In order to service
other markets with additional models, Thielert has also been
successfully awarded with no fewer than 110 further international
certifications for various aircraft models. Especially worth to
mention are the additional supplemental type certifications, which
mean that almost the entire Cessna 172 product range is now covered.
In addition, the Robin DR 400 was approved by the EASA.
Certifications are expected in the near future for the Centurion
installation in Piper PA28-140 and the PA28-150. Then most of the
Cherokee, Warrior and Cadet fleet will be covered as well.
Extension of the service network
Thielert is steadily extending the international service network
for their CENTURION engines. New service technicians were also
trained in 2005 at the plant in Lichtenstein in Saxony. Certified by
Thielert Aircraft Engines GmbH, the new service technicians are now
authorised to carry out servicing and maintenance work on CENTURION
engines. A total of 134 trainees qualified this year. Now that nine
further Service Centres have been integrated into the network since
September, there are 82 Service Centres, most of them in Europe. At
Diamond in Canada, training for further operations in the USA will
begin in January.
5 Years' Anniversary
In the summer Thielert celebrated the first five years of
production in Lichtenstein, Saxony. The 9th of September 2005 was the
fifth anniversary of the first flight by a Thielert piston aircraft
engine: it was on this day in 2000 that Valentin Taifun took off from
the airfield Altenburg, equipped for the first time with the
prototype engine TAE 110. As the world's first jet fuel piston
engine, the TAE 110 was awarded with a type certification by the
German Federal Aviation Authority in March 2001. The TAE 110 gave
rise to the present serially produced engine CENTURION 1.7, which in
recent years has gone from strength to strength to become the world's
most successful jet fuel aircraft engine. To date it has run
accumulated for over 75,000 flight hours.
New momentum through the initial public offering of Thielert AG
Since 17 November 2005 the Thielert Aktiengesellschaft has been
quoted on the Prime Standard market segment of the Frankfurt Stock
Exchange. The issue price of the share was 13.50 EUR. Since then, the
share has gone up, due to great demand, to close at 14.34 EUR (Xetra)
on 16 December 2005.
The flotation has been received very positively among Thielert's
international OEM customers in general aviation, and by the steadily
increasing number of defence technology customers. Additionally, the
company has successfully concluded long lasting negotiations with an
international defence technology customer. Thielert has also agreed
on further development orders, so that the company can continue to
build up its development department.

Contact:

Sebastian Wentzler
Leiter Unternehmenskommunikation
Tel.: +49 40 6969 5035
Fax: +49 40 6969 5050
E-Mail: presse@thielert.com

Original content of: Thielert AG, transmitted by news aktuell

More stories: Thielert AG
More stories: Thielert AG