PPRuNe Forums - View Single Post - Anyone having Cabair assessment in Sept?
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Old 13th Sep 2008, 18:16
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2close
 
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Bit off thread, I know, but I was fed information yesterday from within said organisation that, owing to the collapse of Thielert (manufacturer of diesel engines in Diamond aircraft) earlier this year and the removal of all warranties (which means that all faulty and lifed parts now have to be paid for whereas they used to have a lifetime warranty), the words 'financial' and 'trouble' can be found in the same sentence and that they have to find a seven figure sum (£ 1.5 M quoted) to get themselves out of the pooh.

That shouldn't be too much of a problem for an organisation of that size and reputation and I would be very surprised if the company went under but at the same time I would be very careful of paying too much up front without some cast iron guarantees.
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