The fate of parts of the 300 million euros in shareholder funds from over 70,000 investors is still unclear. On 7 June 2002 the company announced insolvency, and liquidation proceedings began the following month.
The German company probably met insolvency before it could be done. A test flight above Manaus was supposed to take place in 2002, as this article mentions.Another aircraft, the “CL 75 Aircrane” transportation balloon prototype, of similar size was built but destroyed in a storm in July 2002.
A small scale experimental airship known as “Joey” was built and had its maiden flight in October 1999. 1998: The construction of a large hangar for production and operation of the CL160 and engineering team facilities were built on the former Soviet Air Force base at Brand-Briesen Airfield. Cargolifter was more than a manufacturer of vehicles, it developed a structure whithin which all components necessary to design, develop manufacture and operate LTA logistics vehicles were present. Once in service, the vehicles would trigger a paradigm shift in oversized and heavy logistical solutions. To establish a global infrastructure system that could support the worldwide fleet of airships. To build up to 50 CL160-airships by 2015 and an additional 10 CL75’s. Of which 65% private individuals, 29% financial institutions and 6% industrial partners invested a total of 250 million euro Germany’s largest private company by number of shareholders around 70,000. That is why CargoLifter has found its investors among many transport companies (such as Boeing) and industrial customers round the world. Expected cost of building one zeppelin was roughly half the cost of a Boeing 747. The facility was located approximately 60km. An abandoned old Soviet military airbase in Brand-Briesen was used to build the production and operation center. An abrupt deviation from its former military and transport history. Nowadays the Airhangar is converted into a recreation center and holiday resort called Tropical Island. Tropical Islands - by a Malaysian company Soldiers room with Glutos cooker and sink - very basic accommodation with shared bathooms Though most buildings were stripped naked when the soviets left, some it still there. Military Airfield Brand Briesen with old flats - Soviet / DDR style Left empty after 1992 in deplorable state Military Airfield Brand Briesen with old soviet buildings - stripped naked The place is still littered with bunkers and largely deteriorated buildings. When the russians left in 1992, the company CargoLifter bought the huge place and built the Airship Hangar. After WWII the place was converted to a huge military base by the Russians with several russian bomber squads from 1954. The former military airfield Brand - Briesen was created round 1938 as a pilot training center. The old runway near the Airship hangar - East-Germany The are is still littered with bunkers and hangars. The former DDR military runway is converted into a huge parking lot. The hangar space was designed for a huge airship able to carry a 160 ton payload. The hangar has impressive dimensions - it's 360 meter (1.181 feet) long, 220 meter (720 feet) wide and 106 meter (348 feet) in height. Unfortunately the company went bankrupt in 2002, leaving the € 78 million hangar empty and many shareholders empty handed. The airship hangar is built by CargoLifter AG in 1996 - a company aiming at lifting large constructions and delivering them at the right location. 
Its a towering huge airship hangar - once near, the humongous size is mind boggling.Īirship hangar near Krausnick - East-Germany It's one of the largest buildings on Earth by volume. Located near a runway in the former DDR - East Germany, a huge airship hangar rises above the trees. Airship hangar near Krausnick - East Germany 52° 2' 3.912" N, 13° 45' 8.64" E
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