Mailing List lml@lancaironline.net Message #47052
From: Lorn H Olsen <lorn@dynacomm.us>
Sender: <marv@lancaironline.net>
Subject: To bad for Diesel
Date: Sat, 26 Apr 2008 01:42:19 -0400
To: <lml@lancaironline.net>
What a shame! This would have been the engine that I picked.

GERMAN DIESEL ENGINE FOUNDER OUSTED FROM COMPANY
The supervisory board of Thielert AG said on April 23 that it has found the company’s financial statements for 2004 through 2005 to be incorrect, and has dismissed management board members Frank Thielert and financial chief Roswitha Grosser. A statement posted on the company’s Web site said investors have discontinued support for the company's restructuring ! package. On April 24 the company was forced to file for insolvency, the term used in Europe for bankruptcy. Read more on AOPA Online.

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Lorn H. 'Feathers' Olsen, MAA, ASMEL, ASES, Comm, Inst
DynaComm, Corp., 248-345-0500, mailto:lorn@dynacomm.us
LNC2, FB90/92, O-320-D1F, 1,400 hrs, N31161, Y47, SE Michigan
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