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Flying Taxi Startup Lilium Burned Through $1 Billion. Now It’s Facing Bankruptcy
Flying taxi startup Lilium faces significant risk of going bankrupt or shutting down if it can’t raise additional funds.
Electric Air Taxi Start-Up Lilium Has Run Out of Money
The Lilium Jet, priced at $10 million, was scheduled to take its first planned flight in early 2025. The company had promised to deliver aircraft in 2026.
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.
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
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.The subsidiaries have become “overindebted” and won’t be able to pay existing liabilities,
Lilium was once a promising ‘air taxi' startup worth billions. Now it's on the brink of insolvency
German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria.
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 firm Lilium's shares plunge 61% after company says 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.
German flying taxi startup to file for bankruptcy
BERLIN - 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. "Within the next few days",
AeroTime
11h
Lilium subsidiaries file for insolvency as parent company admits it may follow
VTOL developer Lilium has confirmed that two of its principal subsidiaries will file for insolvency and apply for ...
5h
Why Lilium (LILM) Stock Is Getting Hammered
Lilium shares are trading lower by 36% during Friday's session. The company's German subsidiaries announced plans to seek ...
17h
Why did Lilium’s stock crash 61% — is there hope left for flying taxis?
Lilium’s stock nosedives over 55% as two key subsidiaries face insolvency. The aerospace startup struggles to secure state ...
Flightglobal
1d
Lilium faces insolvency as cash crisis deepens
Lilium's main German operating subsidiaries are to file for insolvency amid an ongoing cash crisis at the electric air taxi ...
1h
Air taxis: the latest on the flying electric cars bringing the Jetsons dream to life
Stellantis announced a deal with air taxi startup Archer to mass-produce the company’s electric vertical takeoff and landing ...
Dronelife
13h
Lilium and GE Aerospace Partner to Enhance eVTOL Safety Through Advanced Flight Data Monitoring
Lilium and GE Aerospace partner on eVTOL safety data monitoring with advanced flight analytics: critical insights for eVTOL operators ...
1d
Lilium Board approves application for self-administration of German subsidiaries
Follows German parliament´s Budget Committee not approving a loan guarantee that was a condition precedent to a private fundraiseCompany was also ...
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