Diamond Aircraft has announced the temporary suspension of D-Jet production work and the layoff of 213 employees at its London, Ontario, facility, pending arrangements for additional outside financing, specifically a government loan. The company said there was “no direct impact” on other Diamond programs. The D-Jet program is more than 60% complete, but the announcement cited increased program costs and delays, as well as the depressed general aviation industry, that have forced Diamond ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "D-Jet Program Suspended Pending Canadian Government Loan".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.