November 14, 2011
By Alton K. Marsh
Diamond Aircraft’s single-engine D-Jet got a financial boost with the announcement that a Dubai investment firm, Medrar Financial Group, has purchased a majority interest in Diamond Aircraft Holdings, Canada. The company, based in London, Ontario, makes single- and multiengine piston aircraft and is developing the 240-knot long-range cruise speed D-Jet.
Jamil Marmarchi, CEO of Medrar, said the current state of the economy highlights the need for, and potential of, aircraft like the D-Jet. He said the firm is excited not only by the model in development, “but also by the derivative models to follow.” Christian Dries, chairman of the Diamond Group, said the acquisition can only strengthen his company’s worldwide position.
Marmarchi said he expects international pilot demands to drive a sustainable market for training aircraft in the long term. Medrar is a specialized asset management and investment firm based in Dubai in the United Arab Emirates. He said he wants to make sure Diamond’s capital needs are met, but places special emphasis on development of the D-Jet.
AOPA Pilot Senior Editor Alton Marsh has been a pilot since 1970 and has an airline transport pilot certificate and instrument and multiengine flight instructor certificates, aerobatic training, and a commercial seaplane certificate.
As the cold weather chills AOPA’s Headquarters in Frederick, many of us are inside generating new resources for flying clubs.
In my house, every Friday night is “Movie Night.” While the movies are rarely educational (I don’t think I learned anything from the Lego Movie), we look forward to the weekly opportunity to spend time together. Why not use the same concept for your Flying Club (with the addition of education, of course)?
AOPA Flying Club Manager Kelby Ferwerda posted the following on the AOPA Flying Club Facebook Page: “Recently I’ve talked with quite a few Flying Clubs about maintaining social activity through the cold winter months. Some clubs host Holliday Parties, others have Potluck Movie Nights. What does your club do to keep members involved during the chilly months?”
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