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$19.6-Million Canadian Investment in London Jet Project

18 February 2008

The Government of Canada is making a repayable investment of $19.6 million in a $95.2-million research and development (R&D) project by Diamond D-JET Corporation (Diamond) of London, Ontario, for an all-composite, single-engine, five-passenger jet aircraft.

""The Government of Canada, guided by our Science and Technology Strategy, supports Canadian researchers and innovators in developing new ideas and bringing them to the marketplace,"" said Minister Prentice. ""By enabling Diamond to expand its technological capabilities, the D-JET project will build on Canadian strengths and help maintain Canada's place as a world leader in small all-composite aircraft.""

The $95.2-million D-JET program will allow Diamond to develop expertise in a new class of aircraft, small business jets, and continue to excel in the development of products for general aviation. Additional benefits of the program include attracting foreign investment to Canada and leveraging private sector investment in R&D, both of which will create significant economic benefits, particularly in the London region.

This pre-competitive development program supports the expansion of next-generation aerospace and defence (A&D) products and builds on existing Canadian strength in manufacturing small all-composite aircraft. The application of all-composite technology being demanded by the aviation industry reduces aircraft weight and offers a lighter, stronger, and more fuel-efficient plane.

The project focuses on developing four prototypes that will undergo certification and pre-production development before reaching commercial readiness. Optimized for a flight ceiling of 25 000 feet, the D-JET is less demanding of pilots than conventional business jets. This feature, in combination with its lower purchase price and operating costs, makes the aircraft accessible to private operators who typically fly small propeller planes. The D-JET combines modern composite airframe construction with a new-generation fuel-efficient and low-noise turbine engine to create a personal airplane with significantly better performance and lower environmental impact than previous generations of aircraft.

""This R&D program is critical to helping our company become a major player in the rapid growth of the very light jet market,"" said Peter Maurer, President of Diamond D-JET Corporation and Diamond Aircraft Industries Inc. ""With its single engine and innovative composite construction, the D-JET redefines personal air transportation in terms of affordability and environmental impact.""

This project will be funded through the new Strategic Aerospace Defence Initiative (SADI). SADI is managed by the Industrial Technologies Office, a Special Operating Agency of Industry Canada with a mandate to advance leading-edge R&D by Canadian aerospace and defence industries.






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