Volocopter's Future Secured by Diamond Aircraft
Deal News | Mar 17, 2025 | Taylor Wessing
Taylor Wessing, an international law firm, has provided legal advice for the reorganization of Volocopter, a German air taxi pioneer. This reorganization involves Diamond Aircraft, an Austrian aircraft manufacturer, and is part of the Aircraft Division of Wanfeng Auto Holding Group Co. Ltd. The objective of this reorganization is to secure Volocopter's future, enabling it to expand into the electric urban air transport sector. Volocopter, founded in 2007, is recognized in the urban air mobility sector and was the first to receive a manned flight license from the European Aviation Safety Agency (EASA) for its electric vertical take-off and landing (eVTOL) aircraft. Bin Chen, Chairman of Diamond Aircraft, emphasizes the collaboration as a foundational step in developing sustainable air mobility and enhancing Europe as an aviation innovation hub. Led by Munich-based partners Dr. Hendrik Boss, Dr. Daniel Schrembs, and Dr. Guang Li, Taylor Wessing's guidance marks a strategic expansion of Diamond's aircraft and business portfolio.
Sectors
- Aerospace
- Legal Advisory
Geography
- Germany – Volocopter is a German company, central to the article's subject.
- Austria – Diamond Aircraft, an Austrian company, is involved in the reorganization of Volocopter.
- Europe – The focus on strengthening Europe's position as an innovation hub in aviation ties the event to the broader European region.
Industry
- Aerospace – Volocopter and Diamond Aircraft operate within the aerospace industry, focusing on aircraft manufacturing and urban air mobility.
- Legal Advisory – Taylor Wessing provided legal advice for the reorganization, highlighting its role in the legal advisory industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Volocopter | Target Company | Company | A pioneer in urban air mobility and the first to receive a manned flight license for eVTOL aircraft from EASA. |
| Diamond Aircraft | Reorganizing Company | Company | An Austrian aircraft manufacturer expanding into electric urban air transport. |
| Wanfeng Auto Holding Group Co. Ltd. | Parent Company of Diamond Aircraft | Company | Owner of Diamond Aircraft, part of the reorganization effort. |
| Taylor Wessing | Legal Advisor | Company | An international law firm advising on the reorganization of Volocopter. |
| Dr. Hendrik Boss | Legal Advisor | Person | Munich-based partner at Taylor Wessing leading the advisory effort. |
| Dr. Daniel Schrembs | Legal Advisor | Person | Munich-based partner at Taylor Wessing involved in the advisory. |
| Dr. Guang Li | Legal Advisor | Person | Munich-based partner at Taylor Wessing involved in the advisory. |
| Bin Chen | Chairman | Person | Chairman of Diamond Aircraft Group, commenting on the strategic importance of the reorganization. |