According to the German business publication Wirtschaftswoche, the Austrian aircraft manufacturer Diamond Aircraft is taking over the insolvent company from Bruchsal. Diamond is owned by the Chinese automotive supplier Wanfeng. According to the report, the Austrian company primarily does business with motorised gliders and small aircraft for the private market but also has ambitions in the electric aviation sector. Volvocopter itself only officially confirmed that it is still in talks with investors.
However, Wirtschaftswoche has learnt from people close to the company that a deal has been agreed with Diamond. The amount of the sale is not yet known, but the new owner intends to reduce the Volocopter team from around 500 to around 160…
