Diamond Aircraft's single-engine D-Jet got a financial boost with the announcement that a Dubai investment firm, Medrar Financial Group, has purchased a majority interest in Diamond Aircraft Holdings, Canada. The firm, based in London, Ontario, makes single- and multiengine pistoi aircraft and is developing the 240-knot true airspeed D-Jet. Jamil Marmarchi, chief executive officer of Medrar, said the current state of the economy highlights the need for, and potential of aircraft like the D-Jet. He said he is excited not only by the model in development, "...but also by the derivative models to follow." Christian Dries, the chairman of the Diamond Group, said the acquisition can only strengthen his company's worldwide position.
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