Volocopter has built-in into the framework of Diamond Plane Industries, which is positioned in Vienna’s Neustadt. Diamond Plane is a subsidiary of the Wanfeng Plane Division, a part of the Wanfeng Auto Holding Group from China, and is acknowledged by Volocopter as “an internationally famend plane producer with over 4 many years of worldwide expertise.”
In a short press launch concerning the acquisition, Volocopter famous that its reorganization “expands the corporate’s plane and enterprise portfolio to incorporate the sphere of electrical city aviation.” By aligning with Diamond Plane, Volocopter goals to “cut back prices, retain extremely motivated and certified workers and concentrate on attaining its certification objectives by 2025.”
Just lately, experiences indicated that the struggling air taxi startup had secured an investor in Diamond Plane. Particulars on the time urged an settlement had been reached, with plans for the brand new proprietor to cut back Volocopter’s workforce from roughly 500 to round 160 workers. It was revealed that Volocopter had already issued termination notices to all employees on the finish of June, following an announcement earlier in March. The acquisition worth for the deal has not been disclosed.
The press launch doesn’t point out the monetary phrases of the acquisition or deal with the proposed job cuts; it solely emphasizes the intention to “retain certified workers.” The monetary outlook stays unsure, particularly since Diamond Plane has not ventured into the VTOL sector beforehand. The Austrian agency predominantly operates available in the market for motorized gliders and small plane catered towards non-public clients. Nevertheless, it efficiently accomplished the maiden flight of an all-electric coaching plane known as the eDA40 in 2023, indicating curiosity within the electrical aviation sector.
Volocopter filed for insolvency on Boxing Day 2024, marking it because the second German electrical flying taxi startup to take action, following Lilium. Since then, provisional insolvency administrator Tobias Wahl from Anchor Rechtsanwälte has been centered on discovering a reorganization answer.
“The way forward for aviation is being formed by visionaries,” acknowledged Bin Chen, Chairman of the Diamond Plane Group. He added that Volocopter would improve Diamond’s in depth portfolio and that collectively they’re laying the groundwork for the development of sustainable air mobility, additional solidifying Europe as a hub of innovation in aviation.
Tobias Wahl, the insolvency administrator and companion at Anchor Rechtsanwaltsgesellschaft mbH, remarked on Volocopter’s experience and its extremely motivated group, which he famous has persistently set excessive requirements within the eVTOL trade. He emphasised that Diamond Plane would function a robust strategic companion to construct upon this basis.
Curiously, Volocopter’s announcement concerning the acquisition has since been faraway from their communications. Whereas the information has been corroborated by a number of media sources, it seems the narrative continues to be unfolding, as each firms at the moment are below Chinese language possession via Wanfeng.
Source link
