The Volocopter of the flight taxi manufacturer will continue to work after the takeover by the Chinese company Wanfeng at the location in Bruchsal near Karlsruhe. The Austrian subsidiary Diamond Aircraft reorganized Volocopter, said it in a message.
The goal is to further reduce costs and to concentrate on achieving the sample approval. According to a spokeswoman, 185 employees continue to work.
A few days ago, Wanfeng announced the purchase by the announcement of the stock exchange. The Austrian aircraft manufacturer Diamond Aircraft is 100 percent owned by Wanfeng. According to the announcement the Diamond Aircraft Group, chairman of the Supervisory Board, said that the company’s portfolio would be further strengthened by Volocopter, the flight taxi volocity and future models.
No permission for the operation of the passengers yet
The start-up, founded in 2011, builds vertically on starting fully electric aircraft. They must offer an alternative transport option, especially in densely populated metropolises such as Rome and Osaka. So far, operations in Air Rescue have been planned. However, a modeling approval of the European Air Safety Agency is still missing for the operation of the passengers.
Because there was always a lack of money and state aid of the federal government and the federal states of Baden-Württemberg and Bavaria, Volocopter asked for the opening of the bankruptcy procedure on the second day of Christmas. This step followed at the beginning of March. According to DPA information, around 450 employees were released.
The Bavarian electric aircraft manufacturer Lilium also fights with financial problems. He recently had to register bankruptcy for the second time.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
