In a significant blow to the future of eVTOL aircraft in Europe, German eVTOL company Volocopter filed for bankruptcy protection this week.
Specifically, Volocopter GmbH filed an application to open 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.
Insolvency is a financial state where an individual or business cannot meet their debt obligations when they become due, and a filing allows a company to potentially resolve these through various means, such as debt restructuring or improved…
