Air Taxi Company Files for Bankruptcy, Seeks New Funding – IoT World Today
Air Taxi Company Files for Bankruptcy, Seeks New Funding IoT World Today Read the original article here
'A bit of a catchup:' Bankruptcies took off like a rocket in 2024 – MSN
‘A bit of a catchup:’ Bankruptcies took off like a rocket in 2024 MSN Read the original article here
Bankruptcies for Canadian businesses took off in 2024
Breadcrumb Trail Links News Economy Business insolvency filings hit their largest third-quarter volume in 15 years Published Dec 31, 2024 • Last updated 5 minutes ago • 4 minute read You can save this article by registering for free here. Or sign-in if you have an account. A pedestrian walks past a Danier Leather store in…
German air taxi start-up Volocopter files for insolvency
(Dec 31): Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations. The Mercedes-Benz and Honeywell-backed company plans to continue business operations during the insolvency proceedings while seeking additional funding. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of…
No Cookies | The Mercury
No Cookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to…
Budget cost rises could lead to more firms going bust, warn experts – The Mirror
Budget cost rises could lead to more firms going bust, warn experts The Mirror Read the original article here
German flying taxi startup Volocopter faces insolvency just days after investors stepped in to save competitor Lilium – Fortune
German flying taxi startup Volocopter faces insolvency just days after investors stepped in to save competitor Lilium Fortune Read the original article here
Neom’s air taxi partner Volocopter files for insolvency
Volocopter Volocopter CEO Dirk Hoke expects funds to be found, saying his is ‘an attractive company to invest in’ while it restructures Problems finding fresh funds Company’s CEO optimistic Aircraft vital to giga-project Volocopter, the German air taxi developer backed by Saudi Arabia’s Neom giga-project, has filed for insolvency, blaming difficulties in securing fresh funding.…
Increase in Company Insolvencies Predicted in 2025
Insolvencies and restructuring activity are expected to increase in early 2025 as businesses struggle with rising cost pressures, industry experts have warned. Surging business costs associated with the autumn Budget are predicted to hit sectors such as hospitality particularly hard. The warning comes as official data revealed a 13% monthly rise in company insolvencies in…
Volocopter’s future hangs on investors amid insolvency proceedings
German air taxi pioneer Volocopter has hit a financial snag, filing for insolvency as it struggles to secure new funding. The company, known for its cutting-edge electric vertical takeoff and landing (eVTOL) aircraft, says operations will continue while it seeks investors to stay on track for a planned market debut in 2025. Volocopter has been…