Wed, Jun 15, 2011
Back To The Jet Biz!
Having more than its share of trials and tribulations, ANN was
pleased to confirm that the Diamond D-Jet is getting back on
track... Following layoffs and other reluctant steps taken to
maximize cash flow while searching for enough funding to complete
the program, it now appears that the D-Jet program can throttle up
Diamond Aircraft has confirmed to ANN that it has obtained
commitment for a significant investment exclusively dedicated to
the D-JET development program. This investment will enable Diamond
to recall furloughed engineering and technical staff, resume Flight
Test operations and proceed towards building the next test
aircraft, subject to finalization of closing arrangements.
Having recently completed several necessary piston development
programs, Diamond's Austrian operations will now also provide
engineering and technical resources to support the completion of
the D-JET program, in the shortest possible time.
The company notes that it, "We especially wish to thank our
customers and business partners for their continued loyalty. This
investment marks a turning point and we are most enthusiastic about
our opportunity to refocus on completion of the D-JET."
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