eVTOL taxi startup Lilium is out of money and filing for insolvency
Seven years after its first test flight, German electric air taxi manufacturer Lilium has run out of funding and filed for insolvency for its two primary subsidiaries.
German air-taxi maker Lilium's units to file for insolvency, shares plunge
German air-taxi developer Lilium said on Thursday two of its subsidiaries in the country have decided to file for insolvency following unsuccessful talks with state and federal governments to solve its cash crisis.
Air-Taxi Maker Lilium Plummets After Insolvency Warning
Lilium NV said its main subsidiaries may be forced to file for insolvency proceedings within days as the electric flying taxi firm struggles to raise enough funding to continue operations.
Electric aircraft startup Lilium has run out of money
Electric aircraft startup Lilium is shutting down after failing to raise emergency money from the German government, according to a regulatory filing. The filing comes after a series of setbacks from the German company that was once a darling in the nascent industry of electric aircraft.
Air taxi maker Lilium is out of money and will cease operations
Two years before German air taxi manufacturer Lilium promised to deliver its first two aircraft to customers, the air taxi pioneer has run out of money and will imminently stop making them. In a filing to the US SEC,
German Flying Taxi Startup To File For Bankruptcy
A German flying taxi startup is expected to file for bankruptcy, US market regulators said on Thursday, a week after the firm failed to gain crucial state backing.
Air taxi firm Lilium plunges 45% after saying main subsidiaries will file for insolvency
Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.
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