D-Diamond Aircraft confirmed on the weekend that its five-passenger D-Jet will be built at its London, Ont., facilities after the Canadian government announced it was giving the company a $19.6 million strategic, repayable investment. The money is being provided under a new aerospace business incentive program. This investment will play a vital role in enabling our company to complete the final development, flight testing and certification of the D-Jet, and to complete our transition to production, said Peter Maurer, president of Diamond Aircraft Industries. There is already tremendous demand for this new aircraft. The Ontario government earlier chipped in $11 million. Diamond did the research and development for the D-Jet in London and says it cost the company $95.2 million. The first type-conforming D-Jet has been flying since last November and certification testing is under way. About 500 people will likely be employed building the D-Jet in a factory thats expected to cost at least $100 million.
D-Jet To Be Built In London, Ont.
Key Takeaways:
- Diamond Aircraft will build its five-passenger D-Jet in London, Ontario, supported by a C$19.6 million repayable investment from the Canadian government and an additional C$11 million from the Ontario government.
- The government funding is designated for the D-Jet's final development, flight testing, certification, and the transition to production.
- The project, which already involved C$95.2 million in R&D, is expected to create 500 jobs and address significant market demand for the new aircraft.
See a mistake? Contact us.
