Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Medrar Financial Group never finalized the <a href="http://ainonline.com/aviation-news/ainalerts/2011-11-15/dubai-firm-acquire-major-share-diamond-aircraft">deal to acquire Diamond Aircraft</a>, leading to the funding shortfall that resulted in <a href="http://www.ainonline.com/aviation-news/ainalerts/2013-02-26/diamond-aircraft-restructures-suspends-d-jet-again">layoffs and suspension of the D-Jet program</a> on Monday, Diamond president and CEO Peter Mauer told AIN. “Medrar signed agreements with us in November 2011 to acquire a majority interest in the D-Jet and Canadian operations. We expected the transaction to take several months, but it dragged on beyond that,” he said. “The actual funding never materialized, and the transaction did not occur as a result.”

D-Jet Suspension, Layoffs at Diamond Aircraft Are Result of Failed Medrar Acquisition

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