Keeping an eye on Communist, Totalitarian China, and its influence both globally, and we as Canadians. I have come to the opinion that we are rarely privy to truth regarding the real goal, the agenda of Red China, and it's implications for Canada [and North America as a whole]. No more can we rely on our media as more and more information on China is actively being swept under the carpet - not for consumption.
Sunday, September 26, 2021
Chinese Company Buys Majority Stake of Diamond Aircraft Canada
Chinese CompanyBuys Majority Stake of Diamond Aircraft Canada
December 20, 2016
Diamond Aircraft Industries Inc., Canada surprised much of the industry when on December 13 it sold 60 percent of the company's shares to Wanfeng Auto Holding Group, a diverse Chinese manufacturer of parts for both the automobile and the aviation industry. An English-language news outlet in China, CRJEnglish, said the deal was closed at Diamond's London, Ontario factory.
Diamond Canada said the investment would support globally expanded production, sales and service, with a stronger focus on the U.S. market.Wanfeng is reportedly interested in growing the aviation arm of the Asia-based company. Through this investment, Diamond Canada has acquired all rights to the DA62 and DA40 (both Lycoming and Austro engine options) from Diamond Austria. Diamond Canada also said the investment will allow the companies to review the future of the D-Jet, or a derivative.
While the sale puts Diamond Aircraft Industries Canada solidly under Wanfeng’s control, Diamond Aircraft Industries GmbH, as well as Austro Engine GmbH, remain under 100 percent control of Austria operations and independent of this transaction. Wanfeng is also involved in robotics and the financial industry.
The history of Diamond Aircraft dates back to 1981. With the beginning of the 1990s it joined the aviation pioneers who came before them. The plan for Diamond Aircraft was elegant in its simplicity. Use the best in class HK36 motorglider and its innovative use of advanced composite materials as the foundation for a new family of modern aircraft. Aircraft that wouldn’t be bound by the past, but ones that would set new standards for innovation, efficiency, performance and safety.
Today Diamond remains the only manufacturer to deliver a full line of aircraft that combine innovative airframe technology, advanced avionics systems and modern electronically controlled jet fuel piston engines. Along the way there were many firsts and triumphs, as well as some setbacks and disappointments. Through all the trials and tribulations one thing has remained constant – our unwavering commitment to innovation – for the sake of improved safety, performance and efficiency.
In 1981 Hoffmann Aircraft GesmbH was established as a 100 % subsidiary of Simmering-Graz-Pauker AG with its head office in Vienna and began the production of the Diamond MK II.
In 1996 the company was first named Diamond Aircraft.
From 2009 to 2016 Diamond focuses on innovation projects like the AE300 and the fly-by-wire concept. In 2016 Wanfeng Aviation Industry, LTD becomes the controlling partner in the Diamond family.
First flight of a jointly developed multi-engine hybrid electric aircraft, commenced on 31 October 2018.
In 2017 Wanfeng Aviation Industry CO., LTD acquires the Diamond Group, including Austria, Canada and Austro Engine.
Introduction of the DA50-V and DA62 MPP.
Innovative thinking is about breaking down mental barriers and exploring ideas in an environment with brilliant minds. The Diamond Group is driven by passion and curiosity towards innovation and progress.
As a result, we are constantly involved in exciting research projects which, often contribute to the social and green environment.