FRANKFURT â€” Chinaâ€™s AVIC International has bought German aircraft engine manufacturer Thielert in a move that further broadens the groupâ€™s general aviation portfolio. Thielertâ€™s insolvency administrator confirmed the deal on July 23, saying the company would be relaunched as Technify Motors, with operations remaining in Germany. Neither side disclosed details about the acquisition cost. The German company is building its Centurion Diesel engine that is powered by kerosene rather than ...
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