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News from Zukunft in Brand
Shareholder initiative sets up business plan
The shareholder initiative Zukunft in Brand, which established a trust account to secure private investment contributions against the insolvency risk with CargoLifter, has continued its efforts to rescue the company.
It has been involved in defining the essential reorganisation plan, the so-called 'three-column-concept,' which was agreed with the Brandenburg Ministry of Economics, the insolvency administrators and the board of creditors;
Based on a newly founded company of its own, called Zukunft in Brand GmbH, they have compiled an economically founded business plan, which provides for building an airship with a payload between 10 and 30 tons within two years,
either for passenger or cargo transportation. This, they propose, shall be realised by cooperating with an established airship manufacturer as a technology partner, whose market success guarantees for precise estimations of cost and time. Further, by convincing potential customers to sign option contracts and only as the last step, attaining professional investors to finance the project.
In order to reestablish confidence from the investors, the company offers to administer the means and forward only those funds to CargoLifter which are needed for reaching the next milestone.
They also assist with finding established business people with good reputations as managers, which should in itself also help to attract partners who were disappointed by the repeated delays in the project development of the CL160.
Before any professional investors can be found, the initiators expect that the previous owners of Cargo-Lifter, the 72,000 shareholders, will make some effort to free their company from the insolvency condition.
Together with the founders of CargoLifter and the shareholder advisory board, they have composed and privately financed a letter to all of them, wherein they are invited to pay into the trust accounts offered by the initiative or that of Cargo-Lifter AG a tenth of the sum they already invested, in order to overcome insolvency and prepare the company for the new way.