German air taxi start-up Volocopter files for insolvency

Reuters - 30/12
Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations.
Dec 30 (Reuters) - Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations.
The Mercedes-Benz (MBGn.DE), opens new tab and Honeywell (HON.O), opens new tab-backed company plans to continue business operations during the insolvency proceedings while seeking additional funding.
"Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible," the Bruchsa...
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