More Signs Of The Times -- Diamond Restructures, Puts D-Jet On Hold | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **
** Airborne 11.19.14 ** HD iPad-Friendly -- Airborne 11.19.14 **
** Airborne 11.17.14 ** HD iPad-Friendly -- Airborne 11.17.14 **

Tue, Feb 26, 2013

More Signs Of The Times -- Diamond Restructures, Puts D-Jet On Hold

Temporary Lay-Offs Announced, Pending Restructuring

Diamond Aircraft Industries Inc. (Canada) and D-JET Corporation have confirmed to ANN the restructuring of Diamond's London Ontario based operations, citing continuing low piston aircraft sales, especially in the North American market, and the significant burden of its cost intensive D-JET development program.

In a cost cutting measure, the majority of the workforce has been issued temporary lay-off notices, pending implementation of restructuring plans.

“We want to hire back as many employees as possible, as quickly as possible, but the exact number and timing will be determined as we develop our restructuring plans in the coming weeks,” said Peter Maurer, President & CEO. “Regrettably we need to suspend activity on the D-JET Program, pending the securing of additional funding.”

Diamond Aircraft Industries Inc. is retaining a core group of employees to fulfill purchase orders for aircraft, parts and services and to provide continuing airworthiness and technical support.

This action is limited to Diamond's Canadian based operations only and does not involve the Austrian based, independently owned and operated, Diamond Aircraft Industries GmbH.

FMI: www.diamondaircraft.com

 


Advertisement

More News

Barnstorming: FAA -- The Original EPA

The Governmental Death By 1000 Cuts Continues... Guest Editorial by Rich Davidson, Grass Cutting Administrator At Lee Bottom Flying Field/API Advisory Board Did you feel that Aero->[...]

Airborne 11.21.14: AEA's 3Q/14 Report, Fantasy Of Flight, Modernizing The NAS

Also: Holland Wants Gold, FAA Strangling UAVs?, RAF WWII Trainer For Sale, Bf109s Live, Georgia v Aerospace Engineers The Aircraft Electronics Association has released its third-qu>[...]

Aero-TV: Lessons Learned -- Reflecting On Mark Baker’s First Year At AOPA

A No-Nonsense Q&A With AOPA Boss, Mark Baker ANN CEO and Editor-In-Chief, Jim Campbell sat down with AOPA’s President, Mark Baker to discuss his first year at the job and>[...]

AD: Agusta S.p.A. Helicopters

AD NUMBER: 2014-23-02 PRODUCT: Certain Agusta Model A109E, A109K2, A119, and AW119 MKII helicopters.>[...]

ANN's Daily Aero-Linx (11.22.14)

Baja Bush Pilots The Baja Bush Pilots organization was started by Arnold Senterfitt, author of the book "Airports of Baja and Mainland Mexico".>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC