Cargolifter AG i.I. (delisted)
CargoLifter AG english
CargoLifter AG: Application for the Opening of Insolvency Proceedings
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
For reasons of insolvency the CargoLifter AG Board of Managing Directors today
filed an application for the opening of insolvency proceedings on the assets of
CargoLifter AG at the Cottbus District Court. With this step the management
bodies are fulfilling their legal duties in line with § 92 of the German Company
Act (“Aktiengesetz”). At the same time the scope of the new insolvency
legislation is to be used to order and streamline the group structure together
with a reputable and experienced insolvency administrator. A solution for
preserving the company is to be developed and implemented with a focus on the
Brand location in the State of Brandenburg. With the closure of the office in
the USA which has already taken place and the move of the entire Berliner office
to the hangar site Brand, the first steps have already been initiated. The
objective of the insolvency petition is the reorganisation of the insolvent
legal entity . The key focus is the interests of the some 72,000 shareholders
who have supported the project in such a marvellous manner. Prof. Rolf-Dieter
Moenning has been appointed by the court as the interim administrator of
CargoLifter AG.
In the now following phase of the insolvency procedure, the group now gets a
breathing space. This is to be used for an assessment of the current situation
in terms of technology and methodology within the framework of so-called
technical due diligence. From the information derived in this procedure, further
steps for the rapid launch of the transportation balloon CL 75 AC and the
further development of the “flag ship” of the company, the transportation
airship CL 160, are to be shown. The question of strengthening and developing
Germany’s leading position in this technology sector is also important,
something which has been achieved not least by the development work at the
CargoLifter Group.
end of ad-hoc-announcement (c)DGAP 07.06.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
The company is strengthened in this estimate by the repeated interest expressed
in recent days in the implementation of a long-term working relationship with
CargoLifter AG at the hangar location in Brand by well-known and large
corporations such as Boeing. Encouraged and grateful, the company accepts the
offers of support of many academic institutions, especially from the chairs of
German universities in the areas of aviation and aeronautics. A network of
national and international experts will help to solve existing problems more
quickly and to intensify the research in the area of airship development and
production and deployment applications of “Lighter-than-Air” systems. At the
same this demonstrates that new technologies have a chance in Germany and in the
“neue Länder” in particular.
The Board of Managing Directors stands by its legal and economic responsibility.
CargoLifter AG will do everything is its power to secure the technology and the
location and to develop further. A great deal has been done in a short time
Every day more than a thousand visitors from all over Germany and aboard are
witness to this.
Without external assistance it does not seem possible to secure the
infrastructure in the short-term. The development of a long-term on-going
perspective requires that the financing is secured until the generation of
company revenues from the sale of the CL 75 AC and the Open Air Premiere of the
transportation airship CL 160. This is to be done together with the State of
Brandenburg, the federal government and the capital markets. Participation
offers which have already been made are being carefully examined.
The Dahme-Spreewald district is planning to establish a “Lighter than Air”
research and technology centre at the Brand hangar site. This project too should
help securing the unique plant in Brand as technology focus in the area of
airship technology.
——————————————————————————–
WKN: 540261; ISIN: DE0005402614; Index: MDAX
Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Bremen,
Düsseldorf, Hamburg, Hannover, München und Stuttgart
071903 Jun 02
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found