China’s Wanfeng Aviation has acquired an Austrian Group of company, the Diamond Aircraft Group. The group owns one of Europe’s largest general aviation aircraft manufacturers, Diamond Aircraft Industries, and its Canada-based sister. The purchase includes the company’s Austro Engine division too which has already been acquired by Wanfeng Auto holding company which is a subsidiary of Wanfeng Aviation.
Diamond was created in 1996 as a rebrand of Austria’s HOAC which got turned out as a major developer of propeller-driven aircraft. Under Wanfeng’s ownership, work will continue on Diamond’s latest models, including the in-development Dart 450 turboprop trainer, which is scheduled to enter service this year, and the DA50 family of diesel-fuelled light aircraft.
Mr Bin Chen, the chairman of Wanfeng says “The Diamond Group 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”.