in Defence / General Aviation

Chinese take over Diamond for a GA jewel in the crown

Posted 27 December 2017 · Add Comment

Chinese automotive and aviation company Wanfeng has bought the majority of shares in Austria’s Diamond Aircraft, the fourth largest general aviation manufacturer in the world.

News of the takeover broke just as employees of the Wiener Neustadt factory were breaking up for their Christmas holidays.
Diamond also had a subsidiary business in London, Ontario, Canada, which Wanfeng had bought a major shareholding a year ago.
In a statement, Diamond’s CEO Christian Dries said: “Diamond is my life’s work. In the interest of a successful long-term future, we needed to find the right partner to continue our good work. Wanfeng and specifically Mr. Bin Chen share my vision of the future of general aviation and are investing for the right reasons, with a long-term strategy and the resources to see their vision through” 
Bin Chen, the new chairman of Diamond Aircraft Industries and chairman of Wanfeng Aviation and president of the Wanfeng Automotive Holding Group said: “Under the 25-year leadership of founder Mr. Christian Dries, the Diamond team has developed a broad range of superb aircraft that have gained worldwide respect for their performance, efficiency, safety and innovation. Based on this excellent foundation, we intend to take Diamond to a long-term leadership position in worldwide general aviation.”
Although producing a series of successful GA programmes, The DA-40, DA-42 Twinstar and more recently the DA-50 and DA62, the company has been focusing on military variants and has been progressing with autonomous aircraft development.
The DA50-V with the largest cabin of any single-engine piston airplane is expected to be certificated during 2018.

* required field

Post a comment

Other Stories
Latest News

Air BP expands its network with six new locations in Africa

Air BP has collaborated with Vivo Energy to grow its network in Africa, adding six new locations: Sir Seewoosagur Ramgoolam International Airport, Abidjan-Felix-Houphouet-Boigny International Airport, Nelson Mandela

Africa’s busiest passenger air routes revealed

The 10 busiest passenger air routes in Africa have been revealed in a new study conducted by Routes.

AfBAA to launch CGAS at EBACE

The African Business Aviation Association (AfBAA) will launch the AfBAA Commercial General Aviation Symposium (CGAS), at EBACE 2018 in Geneva, with the CGAS event to be held in Nairobi, Kenya, 21-23 November 2018, as the Association’s

Raising the flag

Air Algérie’s new boss, Bakhouche Alleche, tells Martin Rivers he is determined to set the troubled flag-carrier on a better path.

More than 41 million passengers pass through South Africa’s main airports

The Aviation Barometer has released passenger traffic through Airports Company South Africa’s network of nine airports.

Cooperation is the key to a safer future for everyone

Airspace, safety and security are key issues for the Middle East and North Africa. The United Nations body for civil aviation, ICAO, has its regional headquarters in Cairo, where Alan Peaford met regional vice president, Mohamed Rahma.

Routes African SK1505180718
See us at
AirCargoAFA_BT220318210219GroundHandling BT2205130918AAD2018 BT