Aircraft
Wanfeng Aviation Industry Buys Diamond Aircraft Industries
Wanfeng Aviation's plans called for expansion into aircraft manufacturing, airport management, flight training, and other general aviation operations.
Bin Chen, the new chairman of Diamond Aircraft Industies, welcomes Diamond employees to the Wanfeng Aviation family.
Bin Chen, the new chairman of Diamond Aircraft Industies, welcomes Diamond employees to the Wanfeng Aviation family.

Hangzhou, China-based Wanfeng Aviation Industry has purchased Austria’s Diamond Aircraft Industries. In late 2016, Wanfeng acquired a 60-percent stake in Diamond’s manufacturing operation in Canada as well as rights to manufacture the seven-passenger DA62 twin and four-passenger DA40 single. The acquisition includes aero-diesel engine manufacturer Austro Engine.