Volocopter remains grounded; court opens insolvency proceedings

Volocopter filed for insolvency at the end of December. After Lilium, it was the second German e-VTOL startup to do so. Since December, the provisional insolvency administrator Tobias Wahl from Anchor Rechtsanwälte has been working on a reorganisation solution. Business operations initially continued, and Volocopter announced its intention to “develop a restructuring concept by the…

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Airlines That Went Bust or Restructured in 2024

The aviation industry again faced significant turbulence in 2024, with 14 airlines ceasing operations due to financial challenges and market dynamics. We look at the airlines that went bankrupt and those that rebranded or restructured in 2024. Those that ended operations… CSA (Czech Republic) CSA, a century-old airline, operated with a reduced fleet of two…