Diamond

April 17, 2013 - 5:30am

Symbols are important, especially in China, and Avion Pacific Ltd. (Chalet 370) has chosen a precious 20-carat diamond to symbolize the preciousness of each of its 20 years of operation as a general aviation service and support center in China.

February 28, 2013 - 2:40pm

Medrar Financial Group never finalized the deal to acquire Diamond Aircraft, leading to the funding shortfall that resulted in layoffs and suspension of the D-Jet program on Monday, Diamond president and CEO Peter Mauer told AIN.

February 26, 2013 - 3:52pm

Canada-based Diamond Aircraft has again suspended its single-engine D-Jet program and has temporarily laid off the majority of its workforce while it restructures. “Regrettably, we need to suspend activity on the D-Jet program, pending the securing of additional funding,” said Diamond president and CEO Peter Maurer in a press release issued yesterday.

November 15, 2011 - 10:58am
Investor Medrar Financial Group wants to improve the market status of the D-Jet.

Medrar Financial Group of Dubai and Diamond Aircraft Holdings of London, Ontario, signed an agreement yesterday at the Dubai Air Show for Medrar’s acquisition of a majority interest in Diamond. The agreement does not affect Diamond Aircraft Gmbh in Austria.

November 14, 2011 - 11:21am
Diamond D-Jet mockup

Medrar Financial Group of Dubai and Diamond Aircraft Holdings of Austria have signed an agreement for Medrar’s acquisition of a majority interest in Diamond, the companies announced today. The agreement includes Diamond’s piston airplanes as well as its under-development, single-turbine D-Jet.

February 27, 2008 - 5:55am

Diamond Aircraft last month received a $19.6 million “repayable investment” from the Canadian government for research and development of its $1.4 million single-engine D-Jet. The government’s investment coincides with Diamond’s decision to manufacture the five-seat, all-composite jet single at its facility in London, Ontario, where the D-Jet R&D program is based.

September 12, 2006 - 7:09am

Diamond has increased the price of the single-engine D-Jet from less than $1 million to $1.36 million, nudging the $1.5 million tag for the Eclipse 500 very light twinjet. The increase is due to the manufacturer’s including previously optional items as standard equipment. Diamond also announced a new option for the very light jet single: a BRS recovery parachute.

 
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