Thursday, September 08, 2011

Diamond Aircraft has resumed work on its high-profile D-Jet.

Diamond Aircraft, the London jetmaker whose financial plight made political waves during the spring federal election, has resumed work on its high-profile D-Jet.

The flight testing of D-Jet prototypes is underway again, several months after it was halted due to a "funding shortfall" that sparked "significant" layoffs.

"Our team's spirits are certainly lifted with the resumption of flight activities," said Diamond President Peter Mauer.

The future of the D-Jet was in peril in the spring when the company's efforts to secure a $35-million federal loan stalled heading into the federal campaign.

It became a major issue locally, drawing Mayor Joe Fontana into the debate.

The federal Conservatives ultimately decided not to grant the loan to Diamond.

Article and comments:  http://www.lfpress.com

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