In April 2008 a stockholder restructuring plan was put on hold and as a result on 24 April 2008 Thielert Aircraft Engines GmbH — responsible for all engine production — filed for insolvency at the Chemnitz County Court. As the situation deepened, the Thierlert board stated on 26 April 2008: "The going concern of Thielert Aircraft Engines GmbH can only be ensured permanently by restructuring activities with the support of investors, due to the fact that the Holding Thielert AG is not capable to do so anymore." The company announced that it would name a new executive board and an interim insolvency trustee.