in Defence / General Aviation

Chinese take over Diamond for a GA jewel in the crown

Posted 27 December 2017 · Add Comment

Chinese automotive and aviation company Wanfeng has bought the majority of shares in Austria’s Diamond Aircraft, the fourth largest general aviation manufacturer in the world.

News of the takeover broke just as employees of the Wiener Neustadt factory were breaking up for their Christmas holidays.
Diamond also had a subsidiary business in London, Ontario, Canada, which Wanfeng had bought a major shareholding a year ago.
In a statement, Diamond’s CEO Christian Dries said: “Diamond is my life’s work. In the interest of a successful long-term future, we needed to find the right partner to continue our good work. Wanfeng and specifically Mr. Bin Chen share my vision of the future of general aviation and are investing for the right reasons, with a long-term strategy and the resources to see their vision through” 
Bin Chen, the new chairman of Diamond Aircraft Industries and chairman of Wanfeng Aviation and president of the Wanfeng Automotive Holding Group said: “Under the 25-year leadership of founder Mr. Christian Dries, the Diamond team has developed a broad range of superb aircraft that have gained worldwide respect for their performance, efficiency, safety and innovation. Based on this excellent foundation, we intend to take Diamond to a long-term leadership position in worldwide general aviation.”
Although producing a series of successful GA programmes, The DA-40, DA-42 Twinstar and more recently the DA-50 and DA62, the company has been focusing on military variants and has been progressing with autonomous aircraft development.
The DA50-V with the largest cabin of any single-engine piston airplane is expected to be certificated during 2018.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Drone delivery company Zipline launches in Ghana

Drone-delivery company Zipline International has officially expanded its operations in to Ghana where it will have the capacity to dispense medicines and vaccines to millions of people throughout the country from four new facilities

ACJ319neo1 successfully completes first flight

The ACJ319neo1 successfully completed a first flight lasting one hour and 55 min on April 24, 2019, beginning a short flight-test programme to verify its corporate jet features – such as the extra fuel tanks in its cargo-hold, which

SAA announces operational changes to flights into Blantyre, Malawi

South African Airways (SAA) has announced that due to the closure of the main runway at the Chileka International Airport in Blantyre, Malawi from 24 April to 24 July 2019, the airline’s operations have been affected.

Bombardier relocates Q Series regional support

Bombardier Commercial Aircraft is relocating its Q Series aircraft regional support team from Lanseria International Airport, to Airways Park (close to O.R. Tambo International Airport).

Tracking bags drives 66% improvement in baggage delivery

Airlines that are adding tracking at more points of the baggage journey are enjoying a huge improvement in bag delivery globally. The SITA 2019 Baggage IT Insights – officially launched at an event in Abu Dhabi International Airport

IATA and ACAO sign MoU to advance aviation in MENA

The International Air Transport Association (IATA) and The Arab Civil Aviation Organization (ACAO) have signed an MoU to deepen their cooperation to advance the safe, efficient and sustainable development of air transport in the

EBACE SK1704230519
See us at
Connect MEIA BT1402010519