German air taxi start-up Volocopter files for insolvency – Reuters
German air taxi start-up Volocopter files for insolvency Reuters Read the original article here
UK retail and hospitality sectors brace for insolvency spike post-Budget, industry leaders caution – Business Live
UK retail and hospitality sectors brace for insolvency spike post-Budget, industry leaders caution Business Live Read the original article here
Air taxi maker Volocopter files for bankruptcy
According to Volocopter, it plans to develop and enact a ‘restructuring concept’ by the end of February. Photo: NeomAccording to Volocopter, it plans to develop and enact a ‘restructuring concept’ by the end of February. Photo: Neom Company says insolvency proceedings are necessary as search for new investors begins Read the original article here
Volocopter GmbH Files for Insolvency While Seeking Investors – sUAS News
Bruchsal, Germany, 30 December 2024 – Volocopter GmbH filed an application for the opening of insolvency proceedings at the Karlsruhe Local Court on 26 December 2024. The Karlsruhe Local Court began the provisional insolvency administration the following day and appointed Tobias Wahl, partner, and attorney at Anchor Rechtsanwältegesellschaft mbH, as its administrator. Volocopter is a…
Restructurings could rise next year as Budget cost rises loom, warn experts
Insolvencies and restructuring could rise further over the start of 2025 as firms face more increased cost pressures, industry experts have warned. Restructuring bosses have cautioned that impending cost rises linked to the autumn Budget could particularly weigh on the retail, hospitality and care sectors. It comes after official figures pointed towards an uptick in…
German flying taxi firm Volocopter files for insolvency
Flying taxi startup Volocopter said today it was filing for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” Volocopter said in a statement, adding that the filing…
Volocopter files for insolvency, remains bullish on 2025 type certification – Aerospace Global News
Volocopter files for insolvency, remains bullish on 2025 type certification Aerospace Global News Read the original article here
IBC Weekly Round Up [23rd December-29th December 2024]
China Development Bank vs Doha Bank OPSC and others, 2024 LiveLaw (SC) 1029 Ram Kishor Arora, Suspended Director of Supertech Ltd. vs. Union Bank of India & Anr., Company Appeal (AT) (Insolvency) No. 406 of 2022 & Interlocutory Application No.6557 of 2024 Harpal Singh Chawla (Suspended Director of Spaze Towers Pvt. Ltd.) Versus Vivek Khanna…
German Flying Taxi Startup Volocopter Files For Insolvency
Text size Flying taxi startup Volocopter said Monday it was filing for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” Volocopter said in a statement, adding that…
German Flying Taxi Startup Volocopter Files For Insolvency – Barron's
German Flying Taxi Startup Volocopter Files For Insolvency Barron’s Read the original article here