MEMBER ALERT: AOPA will be closing at 1:45 p.m. Eastern on Dec. 6 and will reopen at 8:30 a.m. Eastern on Dec. 9.
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.
Aircraft Power and Fuel,
Aircraft Components and Gear
NetJets has added a new safety feature to its long-range fleet: a doctor who is always in.
Shell announced Dec. 3 the development of an unleaded aviation fuel that will be submitted for certification as a "performance drop-in" avgas replacement.
Candler Field Flying Club is a young group focused on teaching young people to fly.
AOPA thanks our members for their continued support in protecting the freedom to fly.