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.
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 self-administration proceedings.
Lilium intends to file for insolvency for two subsidiaries
The eVTOL developer Lilium wants to restructure itself in self-administration. Two subsidiaries are insolvent, the parent company could follow.
Lilium drops 60% with subsidiaries expected to file for insolvency in Germany
Lilium N.V. (NASDAQ:LILM) plunged in early trading on Thursday after the eVTOL company disclosed that it received an indication that the budget committee of the parliament of the Federal Republic of Germany would not approve a €50 million guarantee of a contemplated €100 million convertible loan for Lilium (LILM) from KfW.
German Flying Taxi Firm Lilium May File for Insolvency in Days
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.
Air taxi firm Lilium plunges 62% 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.
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 ...
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 ...
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 ...
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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.
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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 ...
Iceberg Research calls Lilium ‘a fraud,’ says continues to misrepresent progress
In a recently published report titled, Iceberg Research notes that “Recent events have taken a dramatic turn at German eVTOL company ...
Flying taxi pioneer that raised £1bn goes bust
A German flying taxi pioneer that was once valued at more than €3bn (£2.5bn) is preparing to file for bankruptcy after ...
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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 ...
Lilium, GE Aerospace partner to deliver eVTOL flight safety
Two companies combining their flight data and analytics platforms to inform eVTOL flight safety standardsLilium to deploy GE technology to all ...