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Mon, Apr 25, 2005

Diamond To Produce Aircraft In China

Joint Venture Will Build DA40s

Diamond Aircraft has announced that it has entered into a joint venture to produce its popular DA40 Diamond Star in China.

"We are investing in Chinese domestic production as China is an important emerging GA market," said Diamond CEO Christian Dries. "With a total of three production sites, each centered in significant and distinct regions, Diamond is further strengthening its position as a global GA company."

The new facility is designed to employ as many as 1700 workers and produce over 600 aircraft per year, as the Chinese market develops.

Diamond says its existing North American and European facilities will continue the production of Diamond aircraft for their respective markets.

FMI: www.diamondair.com

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