In its search for a partner, the company and aerospace giant Boeing Co. Address : Gierkezeile 12,10585 Berlin,GERMANY About us : CargoLifter AG was founded on the basis of a VDMA study in 1996 together with plant engineering companies such as ABB, Linde and Siemens with the clearly defined purpose of 'developing, building and operating the CL 160'. The company had been heavily subsidized to create jobs in the economically depressed eastern state of Brandenburg and unveiled a huge hangar for the production of airships in November, 2000. In the middle of 1997 CargoLifter AG commissioned the design for an airship hangar in Germany to house two new airships. Listed on the Frankfurt Stock Exchange (WKN: 540 261, symbol CLA), CargoLifter AG has developed a unique capability to research, design, develop and produce airships and other lighter-than-air vehicles. The company had failed to find a partner to keep it alive or to present ``reliable evidence about the marketing of the product and corresponding information about the long-term profitability of the company,″ the statement said.Ĭompleting the development of the airship, which would have been able to lift 160 metric tons, would cost as much as 290 million euros ($282 million), the ministry said.ĬargoLifter filed for bankruptcy in June, weeks after saying it was out of money. CargoLifter AG, based south of Berlin in Germany, is developing lighter-than-air systems for logistics and other applications. CargoLifter AG, based south of Berlin in Germany, is developing lighter-than-air systems for logistics and other applications. The facility was located approximately 60km. The heavily subsidized company never built one of the large airships.ĬargoLifter failed ``to correct the mistakes made by the earlier leadership and to win over potential users of the technology for further engagement with CargoLifter,″ the Finance Ministry said in a statement. Cargolifter AG was an enterprise focusing on worldwide logistics, with the goal of developing. CargoLifter, in a nod to the past, had sought to develop modern versions of the Zeppelin to move bulky cargo like turbines and oil rigs across long distances. The CargoLifter CL 160 derives its name from its designed payload capacity of 160t. The government’s refusal could signal the beginning of the company’s demise.
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