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Diamond Aircraft Deliveries Jump 33% in 2011

Diamond DA20 Diamond Aircraft
Gemini Sparkle

Key Takeaways:

  • Despite a tumultuous year that pushed it near bankruptcy, Diamond Aircraft saw a 33% increase in sales, delivering 185 aircraft and bucking the general aviation industry's flat sales trend.
  • This growth was attributed to the successful launch of several new products, including the DA20 with Garmin G500 avionics and the Lycoming-powered DA42-L360, alongside strong interest in other DA42 variants.
  • The company's financial outlook brightened significantly after its acquisition by Medrar Financial Group, which committed to investing in the D-Jet program and future derivative models, leading to "cautious optimism."
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Despite a tumultuous year that saw the company pushed to the verge of bankruptcy, Diamond Aircraft‘s sales increased by a healthy 33 percent last year, according to Q4 numbers released by the company. Diamond said it made a total of 185 deliveries last year, a substantial leap from the 139 deliveries made in the year prior.

With the increase, Diamond bucked the trend of flat sales experienced by the aviation industry as a whole during 2011, a year that saw 860 orders for piston aircraft and 340 for turboprops, according to the General Aviation Manufacturers Association.

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