Diamond Gets New Funding for D-Jet Program

 - June 27, 2011, 5:55 AM

Diamond Aircraft appears to have secured new funding that will allow it to resume progress on the single-engine D-Jet program. The funding–“a significant investment”–is dedicated to the D-Jet, according to Diamond, and permits the company to recall furloughed engineers and technicians, resume flight testing and build the next test aircraft. This is subject, however, “to finalization of closing arrangements” for the funding. Diamond added that its Austria-based operation will assist with D-Jet engineering and technical resources to help speed the D-Jet’s progress toward certification.