Spyker leaves bankruptcy, to merge with aircraft firm
After clearing a debt of 45 million euros, Spyker NV and Spyker Automobiles are now officially no longer under suspension of payments. Spyker can now continue its activities debt free.
One of these activities is preparation for a merger with American electric planes maker Volta Volare. Bankruptcy curator Henk Pasman's law firm, Wijn and Stael Lawyers, made this announcement on Thursday, NU reports. Spyker Events & Branding BV is still bankrupt.
Spyker was declared bankrupt in December last year. In January the court reversed the bankruptcy after CEO Victor Muller managed to convince an investor to put another 4.3 million in the company, and the company was once again placed under suspension of payments. In May Spyker reached an agreement with its creditors.
The creditors would only get back some of their money, but agreed that this was better than the alternative - Spyker being declared bankrupt and none of their money coming back. A few weeks ago the court approved the agreement. One of the creditors appealed, but was rejected. No others appealed and the suspension of payment was officially dissolved on Thursday.
Spyker is now preparing for a merger with Volta Volare. Together, Muller hopes that the companies can produce "legant and stylish cars and electric aircraft" in the coming years. No further details have been released yet.
