Aircraft
China's Wanfeng Takes Control Of Diamond Canada
Production of the DA62 and DA40 models to move from Austria to Canada, and there may be fresh investment in the D-Jet program.

Wanfeng Aviation, the Canada-based division of a Chinese conglomerate, this week confirmed that it recently acquired a controlling, 60 percent stake in Diamond Aircraft Industries, Inc. (aka Diamond Canada). As part of the deal announced on December 20, Diamond Canada has acquired all rights to the seven-passenger DA62 twin and four-passenger DA40 single from its Austrian parent company Diamond Aircraft Industries GmbH (Diamond Austria). Production and type-design responsibility for these models will transfer from Austria to Diamond’s London, Ontario site by the end of 2017.


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