Aircraft sales, services and support company Hawker Pacific (Booth H65) has announced an agreement with Flight Training Adelaide for the sale of up to 26 Diamond DA40 CS single-engine composite aircraft. In addition to serving as a vendor for Hawker Beechcraft and Bell Helicopter products, Hawker Pacific is the Austrian airframer’s appointed distributor for Australia and New Zealand.
Diamond Aircraft Industries
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.
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.
Diamond Aircraft has revealed a surge of orders for the DA42 Multi-Purpose Platform (MPP), also known as the Guardian. It is the surveillance version of the Austrian company’s DA42 twin-engine training and touring aircraft. A total of 91 are now in service, in places such as Europe (18), Africa (14), the Middle East (11), the CIS (9), Australasia (20) and the Americas (14).
Diamond Aircraft has secured an agreement for a fresh capital infusion that allowed the restart of its D-Jet program and restored the test aircraft to flight status. The Austrian-based aircraft manufacturer had suspended the single-engine jet program in March and laid off almost all employees working on the D-Jet at its London, Ontario facility after failing to obtain a new $36 million development loan from the Canadian government.
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 Aircraft temporarily suspended its D-Jet single-engine jet program yesterday after a $35 million loan from the Canadian government failed to materialize. The company also laid off 213 employees associated with the program at its London, Ontario facility.
Diamond Aircraft CEO Christian Dries is focusing “more on strategy and specific programs,” following the appointment of Gerd Berchtold as CEO of the company’s Austria-based production and engineering division. Berchtold is responsible for design, production and customer support and reports to Dries, who is the shareholder of Diamond Aircraft.
Diamond Aircraft founder and CEO Christian Dries yesterday revealed plans to develop a fully aerobatic, tandem two-seat military trainer version of the D-Jet that he said will have ejection seats and sell for less than $3 million.
With no fewer than four airborne-sensing versions of the DA42 on static display here, Diamond Aircraft of Austria is staking a major claim to the growing market for low-cost surveillance platforms. Since entering the market two years ago, the privately held company has already sold 12 DA42 MPPs (multipurpose platforms) based on the popular DA42 touring aircraft.