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A year after acquiring Diamond Canada, in December 2017 China’s Wanfeng Aviation Industry Co Ltd also took over Diamond Aircraft Industries Gmbh (Austria), which it says ‘assures the continued long term future of the Diamond brand, with plans to increase global sales volume, expansion of the distribution and support networks, and continued design and development of piston aircraft.’
Christian Dries, Diamond’s former Chief Executive Officer, 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 [new company Chairman] 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. I look forward to seeing Diamond develop further, and based on our successful year-long partnership in Diamond Canada, I am fully satisfied that I leave Diamond in very good hands.” Dries will serve in an advisory capacity to help guide the new owners and ensure continued development of Diamond Aircraft Group.
“We were attracted to Diamond’s leadership position in the market,” replied Bin Chen. “Under the 25-year leadership of founder 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… [and] will continue to develop new technologies and aircraft models, including the Dart turboprop aerobatic trainer and the DA50 models.”
New Diamond Chairman Bin Chen, of Wangfen Aviation Industry Co Ltd
‘Welcome on board our “Diamond” Aircraft,’ reads the handwritten message from Diamond employees