Crowdfunded German Train Operator Goes into Administration

  • Written by Kevin Coy
Crowdfunded German Train Operator Goes into Administration
German train operator, Locomore, goes into administration, with services suspended until at least Monday.

Operating rail services between Berlin and Stuttgart, Crowdfunded German rail operator Locomore has entered administration after funding dried up.

The company filed an insolvency application at the District Court of Charlottenburg Friday lunchtime, bringing a halt to its weekend services.

Despite the setback, the company said in a statement that discussions are underway with its administrators and potential investors with a view to resuming services "as soon as possible".

The company ended its statement saying; "Wir entschuldigen uns bei allen betroffenen Fahrgästen von ganzem Herzen", which translates into English as; "We apologize to all concerned passengers with all our heart."