Diamond Aircraft's North American manufacturing operations have been effectively suspended and work on the D-Jet personal jet halted as the company restructures its London, Ontario, Canada operations.
In a brief statement, Diamond Canada CEO Peter Maurer said the company will reorganize but in the meantime most of its staff has been laid off at the London plant. Maurer said the layoffs are temporary and he's hopeful most will get their jobs back when the reorganization is complete. The action affects only the Canadian operations. Austrian-based Diamond Aircraft Industries GmbH is independent from the North American company. Maurer said enough staff have been kept on to fulfill orders and maintain fleet support but most of the employees got notices. "We want to hire back as many employees as possible, as quickly as possible but the exact number and timing will be determined as we develop our restructuing plans in the coming weeks," he said.
"Regrettably, we need to suspend activity on the D-JET program pending the securing of additional funding." The London operation and the jet program were taken over in a majority purchase by Dubai-based Medrar Financial Group in late 2011 with a pledge to take the D-JET to certification.Source: AVweb, Russ Niles
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