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Post by yachtsmanwilly on Sept 23, 2020 7:28:00 GMT -5
New From MSN: Garrett is a name known far and wide in the car industry. The Swiss-based company is famous for building some of the best turbochargers in the business, supplying countless automakers. The firm announced Monday it has voluntarily filed for Chapter 11 bankruptcy protection to protect its long-term business sustainability, citing a downturn in sales thanks to the COVID-19 pandemic. In addition to the debt restructuring process, Garrett has agreed—pending regulatory approval—to be acquired by KPS Capital Partners, a private equity firm, for $2.1 billion. The company expects to operate normally throughout the transition, continuing to provide products to its customers and retain connections with its suppliers. Hopefully, it'll mean more big Garrett-branded turbo swaps for years to come.
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Post by rsmith on Sept 23, 2020 7:57:38 GMT -5
One of the reasons I bought the 340 Cessna was the engines were turbocharged and inter cooled from Continental. The engines each had a big Garrett vs 2 small Rayjays like most Pipers had. Both Garrett’s went over TBO which is nearly unheard of. Rayjays are lucky to make it halfway to TBO. But I always stage cooled the engines and let them idle down 5 minutes before shutdown to let the turbos cool off. I flew a lot at night and used to be able to see the turbos through the louvered vents on top of the engine nacelles. In cruise they would glow bright orange.
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Post by Avenger on Sept 23, 2020 12:37:08 GMT -5
News to me, but that could explain why it's been challenging to get product.
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Post by yachtsmanwilly on Sept 23, 2020 18:20:32 GMT -5
YES!!!! You heard it here first! ws
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