Dubai - OHB and AFK’s joint company DAH Beteiligungsgesellschaft mbH on Thursday, December 8th, signed an agreement to secure an important minority equity investment in DeutscheAircraft Holdings (DAH), the sole owner of Deutsche Aircraft Group companies. The investment comes from a joint venture between aerospace company OHB SE and investment company AFK Enterprise AG and will propel development of new green aviation technologies including the D328eco®, an environmentally friendly version of the acclaimed Do328 short-haul passenger aircraft manufactured by Deutsche Aircraft GmbH. Under the agreement, the investors have the potential to acquire additional ownership up to a majority at a later point in time.
The partnership fuels progress on the D328eco and Leipzig production facilities, as well as opens opportunities for development of future aircraft variants in new international markets.
Dave Jackson, CEO of Deutsche Aircraft said: “This investment reaffirms both the strong market need for a proven regional aircraft and underpins the belief in the green aviation sector, in particular the opportunities Deutsche Aircraft’s new D328eco aircraft will offer.”
Deutsche Aircraft’s D328 series of aircraft is founded on the proud heritage of Dornier and Deutsche Aircraft is the holder of the Do328® type certificate. With new propulsion systems, latest-generation avionics and more seats, the D328eco will set new standards for environmentally friendly short-haul flying. Deutsche Aircraft is also studying a variety alternative fuel and future climate-neutral propulsion systems as part of its product roadmap. The Do328 is the last commercial aircraft to date to have been developed and built entirely in-house by a German company - and this will also be the case with the D328eco.
The equity stake in DAH is subject to approval from the German Government which is currently supporting development of the D328eco with a high-volume development cost loan and in addition, supports development of clean aviation initiatives at Deutsche Aircraft. The transaction is anticipated to close during the first quarter of 2023 following regulatory approvals and other customary closing conditions.
“With this investment we are significantly strengthening our Aerospace business segment,” said Dr. Lutz Bertling, member of OHB SE’s management board. “Beyond the current project, OHB intends to develop with its partners strategically more joint business in Europe, the United States and Middle East, including beyond aviation, with first projects already under discussion in the defence and space sectors.”
“For us, this investment is another important step in diversifying our portfolio into mobility with environmentally friendly drives,” said Dr. Berthold Peikert, CEO AFK Enterprise AG.
About AFK Enterprise
AFK Enterprise AG, based in Switzerland, the industrial arm of the AFK Kumar Family Office, operates as a private owned single-family office mandated with the preservation, management and growth of the AFK Kumar family’s wealth and assets. AFK makes strategic investments across a wide range of markets, focused on equity and growth capital. With the international outlook towards investment, AFK actively pursues and engages in abroad variety of investment opportunities in high-tech in Europe, US, Middle East, India, Asia as well as in emerging markets.
About OHB SE
OHB SE is a German space and technology group and one of the leading independent forces in the European space industry. With many years of experience in the implementation of demanding projects, OHB SE is excellently positioned to face international competition and can offer its customers a broad portfolio of innovative products in its three business units: Space Systems, Aerospace and Digital. The company employs around 3,000 people and generates a total revenue of around one billion euros.
About Deutsche Aircraft GmbH
Deutsche Aircraft is Germany’s new purpose-driven OEM. Founded on the heritage of aircraft pioneers, DeutscheAircraft’s new D328eco™ aircraft is being developed to deliver significant improvements in operational and maintenance costs as well as reductions in the overall carbon footprint. This is in line with its vision and strategic roadmap to support a more sustainable future for aviation. The D328eco will offer maximum flexibility being able to operate on existing aviation fuel, as well as compatible with 100% H2-PtL. The aircraft will be assembled in the paperless Final Production Line (FAL) at Leipzig/Germany. All parameters are in high demand in the current aviation environment, and we already see an increased interest in the D328eco from our potential customers and partners.www.deutscheaircraft.com
About the data:
- Source: Cirium
- Schedules data: full year 2019 vs. 2020 – excludes non-scheduled flying
- In-service data:
- For 2019 the data is dated April while for 2020 it’s dated October. We wanted to compare “shoulder month” to shoulder month, however April 2020 wouldn’t have captured the immediate impact of Coronavirus as our dataset classes aircraft as in storage after 3 months of inactivity.
We are proud to present, “Aviation Ecosystem Review 2020.”
Based on market research surrounding our vision of building a sustainable future for aviation, this report provides insight into how we see Deutsche Aircraft fitting into the everchanging aviation environment.
Download the report for free here.
Nico’s responsibilities as Vice President of Operations & Programs include development of aircraft production programs, maintenance, overall quality management and ensuring infrastructure and knowledge are in place to meet future needs.Read more
As Director of Supply Chain, Maximilian’s role is to lead development and growth of all supply chain activities under a consolidated strategy.Read more
As part of its continued support of Deutsche Aircraft’s D328eco aircraft programme, 328 Support Services GmbH recently appointed a panel of “talent experts” to further strengthen the overall team and ensure strong management structure and processes are in place across the D328eco development programme. Today we focus on the Engineering & Programme departments.
On the programme side, Mr. Peter Spyrka has been appointed Director of Programmes. Peter brings over 20 years’ experience in the global aerospace industry with engineering & development works on both civil and military aircraft programmes. Prior to joining Deutsche Aircraft, Peter worked at Airbus, leading the Hybrid Electric Propulsion System development programme for demonstrator projects. He also worked for Fairchild Dornier back in the late 1990’s.
In Engineering, Mr. Jean-Damien Mazeau has been appointed as our new Head of Propulsion Systems. Jean-Damien also brings more than 20 years’ aeronautical experience to Deutsche Aircraft, having built most of his career at Airbus. He was most recently involved with the A320neo’s entry into service, in charge of propulsion system’s global technical Support.
Last but not least, Dr. Stefan Brunner brings more than two decades of expertise and experience to his position as Head of Airframe. Throughout his career, Stefan spent more than 17 years working directly for the Airbus group where he was heavily involved with a wide variety of major engineering programmes on both commercial aviation and defence & space programmes. In his new role, Stefan will be responsible for design, analysis and modification of the D328eco airframe’s primary structure (Fuselage, Fairings, Wing, Empennage), as well as establishing new processes and procedures to complete aircraft development. Finally, he is responsible for ensuring compliance with the European Authorisation and Restriction of Chemicals (REACH) regulations.
In addition to Peter, Jean Damien and Stefan, we are also proud to announce that we have been busy hiring new talent from not only within Germany, but from all over the world. Coming from a variety of companies within the aerospace industry, we look forward to utilising our new team members’ skills and expertise to achieve the entry into service scheduled for 2025.
All are great assets to the current Engineering & Programme team and will, without a doubt, help support Deutsche Aircraft’s development programme over the coming years.
Download the report for free here.
Download the report for free here.