Arrowcopter bankrupt!
Posted: Tue Aug 11, 2015 3:35 pm
Arrowcopter ( FD-Composites GmbH) bankrupt.
With accumalating payment obligations worth more than € 2.8 million in regards to less than € 147.000 assets the company was declared bankrupt by an Austrian court today and a bankruptcy proceedings were instituted.
High development costs, a thin distribution network and lack of sales seem to cause the meltdown. A 30 % debt repayment (the legal minimum offer) was proposed to the creditors by the company (FD-Composites GmbH ).
http://www.austrianaviation.net/news-re ... lvent.html
With accumalating payment obligations worth more than € 2.8 million in regards to less than € 147.000 assets the company was declared bankrupt by an Austrian court today and a bankruptcy proceedings were instituted.
High development costs, a thin distribution network and lack of sales seem to cause the meltdown. A 30 % debt repayment (the legal minimum offer) was proposed to the creditors by the company (FD-Composites GmbH ).
http://www.austrianaviation.net/news-re ... lvent.html