Dubai Financial Company To Secure Major Share of Diamond Aircraft
Medrar Financial Group of Dubai will acquire a majority interest in Diamond Aircraft of Austria.
The capital investment by Medrar Financial Group will allow Diamond Aircraft to resume work on the D-Jet, shown here in mockup at the Dubai Air Show. (Photo Mark Wagner)
The capital investment by Medrar Financial Group will allow Diamond Aircraft to resume work on the D-Jet, shown here in mockup at the Dubai Air Show. (Photo Mark Wagner)

Medrar Financial Group of Dubai and Diamond Aircraft Holdings, Canada, of London, Ontario, have signed an agreement for Medrar's acquisition of a majority interest in Diamond, the companies announced on Monday. The agreement includes Diamond's piston airplanes as well as its under-development, single-turbine D-Jet. Diamond is exhibiting at the Dubai Air Show this week.