program. Company CEO Peter Maurer stated, "We are hopeful that the government will give this matter urgent attention and provide the requested assistance". During April, Diamond indicated that it needed C$8M from the federal government over the next four months as an interim measure. Local Conservative Party of Canada Member of Parliament Ed Holder stated that Diamond owner Christian Dries had told him that he would close the London plant and announce the closure just before the federal election if support was not forthcoming. Dries issued a denial of the conversation, but Holder insisted that was correct and suggested that Diamond look to the province or the city for the money instead. Following the 2 May 2011 federal election, which returned a majority Conservative government, Industry Minister Tony Clement announced that the government had rejected Diamond's loan request. Clement stated "We are stewards of taxpayers dollars and we have risked, quite rightly, $20 million in taxpayer dollars to date, and it is not judicious to up that by another $35 million. We hope the company Diamond continues to be part of the scene in London. We do not wish for its demise." Maurer indicated that the company was still working on private investment options but that would take more time and that in the meantime they were continuing to lose their laid-off staff. He also stated, "We have been very clear that without this loan, the D-Jet program is at risk here in London. Diamond’s future is at risk here." Maurer indicated that when upcoming loan repayments are due that the company cannot meet those obligations out of propeller aircraft sales and without an infusion of capital cannot get the D-Jet to market. On 13 November 2011, Diamond announced that a majority share of Diamond Aircraft Holdings, Canada, the Canadian operating arm of the company, had been sold to Medrar Financial Group, an investment company based in Dubai, United Arab Emirates for an undisclosed amount. The move was intended to provide continued production of the company's piston-engine line and also allow development of the D-Jet project to continue. The announcement of the investment, along with gradually improving economic conditions, seemed to increase customer confidence as the company registered a 33% increase in sales in 2011 over the previous year. Diamond delivered 185 aircraft in 2011, compared to 139 in 2010. However, the sale to Medrar was never completed as a