German flying taxi startup Volocopter faces insolvency just days after investors stepped in to save competitor Lilium Fortune Read the original article here
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.…
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…
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…
사진 확대 Information on bankruptcy counseling in front of a law firm in Seocho-gu, Seoul [Photo = Yonhap News] “It’s a clamour because of the plunge in the won right now. Consumer sentiment is unimaginably shrinking as the domestic situation is unstable, and it is in a state of “mental breakdown.” I’m barely enduring every…
Volocopter: Urban air taxi pioneer faces insolvency proceedings TaxiPoint Taxi News Read the original article here
Dem-run city may go bankrupt thanks to public sector pension scheme MSN Read the original article here
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…
(Dec 30): 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…
The Global Engagement Center, an office housed within the State Department and aiming to thwart disinformation and misinformation, has been forced by Congress to close up shop. It’s no mystery why; the taxpayer-backed GEC violated its mandate to work only overseas and devolved into a partisan enabler of speech suppression in the United States. Here’s…