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 be a paid subscriber 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.