Volocopter filed for bankruptcy and is looking for investors

The ailing German air taxi manufacturer Volocopter has filed for bankruptcy and is looking for investors. The Karlsruhe district court has appointed Tobias Wahl from Anchor Rechtsanwälte as provisional insolvency administrator, the company from Bruchsal in Baden announced on Monday. The lawyer announced that he would develop a restructuring concept and implement it with investors by the end of February. “The company now needs financing that will enable it to take the final steps to enter the market.”