APUS Zero Emission Faces Insolvency Amidst Hydrogen Aircraft Development
Key Ideas
- APUS Zero Emission, a hydrogen aircraft developer based in Strausberg, is undergoing provisional insolvency proceedings but aims to secure investors to continue its mission of transforming aviation.
- The company's focus remains on developing the APUS i-2, the world's first certifiable hydrogen-powered aircraft for daily use, with a targeted first flight in Spring 2025.
- Despite fiscal difficulties faced by clean aviation startups, APUS continues its preparations, highlighting its patented structurally integrated hydrogen storage system and its commitment to zero-emission aviation.
- APUS emphasizes that the current phase is the beginning of a new era for zero-emission aviation and expresses confidence in finding the right partner to realize its vision.
APUS Zero Emission, a Strausberg-based hydrogen aircraft developer, has been placed under provisional insolvency proceedings by the Local Court of Frankfurt. The company, known for its groundbreaking hydrogen-electric aircraft, has appointed the insolvency law specialist PLUTA as a provisional administrator. Despite the financial challenges faced in the clean aviation sector, APUS plans to continue its operations and focus on securing investors to support its mission. The company is actively preparing for the first flight of its four-seat APUS i-2, which is set to become the world's first certifiable hydrogen-powered aircraft for daily use by Spring 2025. APUS is utilizing a structurally integrated hydrogen storage system with higher energy density for its aircraft, aiming for a 160kts cruise speed and a 500nm range. The company emphasizes that despite the current economic hurdles, zero-emission aviation is the future, positioning themselves as a key player in this transformative journey.