Flight Design files for insolvency : : FLYER

German aircraft maker Flight Design has run out of cash and filed for insolvency. The managing director of Flight Design filed for insolvency in court with outstanding debts in the ‘mid-six-figure’ range. The court appointed lawyer Marcello Di Stefano, a partner in specialist insolvency company Diligens, as provisional insolvency administrator. Mr Di Stefano said, “The…