Insolvent air taxi pioneer Volocopter releases employees

No restructuring plan Insolvent air taxi pioneer Volocopter releases employees

2025-03-17 Source: dpa | Translated by AI 1 min Reading Time

Volocopter from Bruchsal (Germany) has convened an employee meeting during which it was announced that employees are being released, it is said.

For the insolvent air taxi manufacturer Volocopter, there is still no restructuring plan. Now the employees are out on the street ...(Image: Volocopter) — For the insolvent air taxi manufacturer Volocopter, there is still no restructuring plan. Now the employees are out on the street ...
(Image: Volocopter)

According to dpa information, around 450 Volocopter employees are affected. Meanwhile, the negotiations with potential financiers do not seem to be concluded yet. There are still no statements about the future of the flying taxi manufacturer, which wanted to build fully electric vertical take-off and landing aircraft, as it is further reported. Actually, insolvency administrator Tobias Wahl from Anchor Rechtsanwälte had announced plans to develop a restructuring concept by the end of February and implement it with investors.

No type certification for flight with passengers

Recently, the Karlsruhe District Court (located in Germany) opened the insolvency proceedings. A Volocopter spokeswoman explained that the initiation of the insolvency proceedings occurred independently of the potential continuation for the company and the business operations of Volocopter GmbH. Volocopter's goal was to supplement traffic in densely populated metropolises with the modern aircraft featuring a distinctive ring with rotors on the roof. However, a type certification from the European Aviation Safety Agency for passenger operations is still missing.

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