Wikipedia
Thielert AG was a German financial holding company that has owned engine development and manufacturing companies. It is headquartered in Hamburg. Companies owned were Thielert Aircraft Engines GmbH with sites in Lichtenstein, Saxony and Altenburg, Thuringia. Thielert AG was quoted on the Frankfurt Stock Exchange and was a member of the SDAX. The main operating unit, Thielert Aircraft Engines GmbH, declared insolvency on 24 April 2008. The company was run by an insolvency administrator, Bruno M. Kübler, from 2008 until July 2013 when it was sold to Continental Motors, Inc.. Continental is owned by AVIC International, which is in turn wholly owned by the Government of the People's Republic of China.
The holding company, Thielert AG, also filed insolvency a week later on 30 April 2008 after the loss of its operational unit Thielert Aircraft Engines GmbH. The holding company ceased operations in autumn of 2008.
Thielert Aircraft Engines GmbH was well known as the manufacturer of the Centurion range of aircraft Diesel engines that run on jet fuel. Two engine models were built, the Centurion 2.0 with a power output of either 135 hp (101 kW) and the Centurion 2.0s with 155 hp (116 kW). The development of the third model, a 350 hp (261 kW) Centurion 4.0, was not completed. A fourth model, the 230 hp (172 kW) Centurion 3.2 was announced for 2008, but its final development was cancelled.