Diamond Aircraft continues to struggle with the ongoing general aviation market malaise, temporarily laying off the majority of its workforce at its London, Ontario-based operation and suspending development of the D-Jet single-jet program. The company cites “continuing low piston aircraft sales, especially in the North American market, and the significant burden of its cost-intensive D-Jet development program” for the latest actions. The company is planning to restructure its ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Diamond Aircraft Suspends D-Jet Program, Lays Off Workers".
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.