The CEO of Diamond Aircraft's Canadian operations in London, Ontario, says the takeover of the company is good news for the workers and will ensure the D-JET gets to market. It was announced Monday that a majority interest in Diamond was acquired by Medrar Financial Group, of Dubai, for an undisclosed sum. In an interview with the London Free Press on Tuesday, Peter Maurer said the company will benefit in several ways from the purchase. "This gives us the financial strength to complete the (D-JET) program," Maurer said. "We're getting expertise in business and the financial side." Diamond has 220 workers at the London plant and Maurer said another 200 could be added if the D-JET sells well. The deal also includes the piston products made by the company.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/takeover-secures-d-jet