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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.
13h
Feds clear way for EVTOL startups to bring flying vehicles to U.S. airspace
Federal regulators have cleared the path for electric vertical takeoff and landing aircraft to share U.S. airspace with ...
3h
Flying Taxis Are Almost Here: Joby, Archer Aviation Applaud New FAA Regulations For eVTOL Aircraft
Flying taxis could soon be a reality in the U.S. after the Federal Aviation Administration (FAA) issued a final rule on ...
Aviation Week
1h
Daily Memo: What Does The SFAR Say About eVTOL Pilot Training?
Daily Memo: What Does The SFAR Say About eVTOL Pilot Training? is published in Advanced Air Mobility Report, an Aviation Week ...
The Future of Autonomy
4h
AUVSI Commends FAA Progress Toward eVTOL Operations
On October 22, the Federal Aviation Administration (FAA) issued the final version of its Special Federal Aviation Regulation ...
22h
on MSN
Joby launches $200M public offering ahead of 2025 commercial eVTOL release
Electric vertical takeoff and landing vehicle startup Joby Aviation has launched a public offering to sell up to $200 million ...
thesiliconreview
12h
Joby Aviation's daring $200M Public Offering: What's the Plan after eVTOL Announcement?
Explore Joby Aviation's daring $200M public offering and the strategy behind its eVTOL announcement. Learn what’s next for ...
Robb Report
20h
Electric Air Taxi Start-Up Lilium Has Run Out of Money
Archer, received its FAA Part 135 certification earlier this year. If Lilium is unable to restructure, it would be the first ...
1d
on MSN
Jetsons-esque future is go: New FAA rule opens door for U.S. air taxi operations
Federal regulatory update creates first new class of aircraft in 80 years, sets the stage for future of passenger and cargo ...
AeroTime
2d
Leading eVTOL developers react as FAA approves revolutionary aircraft category
VTOL developers have been reacting to news that the FAA has approved a revolutionary new aircraft category in a major step ...
Dronelife
11h
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 ...
Yahoo
2d
Air taxis and eVTOL craft finally cleared for lift-off thanks to landmark regulation
In essence, the powered lift category describes the numerous electric vertical take-off and landing (
eVTOL
) craft that have ...
Ainonline.com
1d
Joby Discusses eVTOL Rules With International Aviation Safety Agencies
Aviation regulators from the UK, Japan and Australia are visiting Joby for a week of meetings with the eVTOL aircraft ...
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Air taxis
Lilium
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