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Electric Jet Developer Lilium Shuts Down

Summary by Flying

Lilium, a German developer of electric vertical takeoff and landing (eVTOL) jets, is shutting down. Lilium’s two core subsidiaries ran out of cash in October, forcing it to file for “self-administration” proceedings with a court in Germany. In December, the firm achieved what it called a “breakthrough” in its search for a new investor. But on Friday it announced it filed for insolvency. “While talks about alternative solutions are still ongoing,…

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Deutschlandfunk

Missing Capital - Electric Aircraft Developer Lilium Insolvent for the Second Time

The electric aircraft developer Lilium is insolvent for the second time.

21 hours ago·Germany

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Spiegel

Lilium: Flight taxi manufacturer announces bankruptcy for the second time

In autumn the first, now the second insolvency: A possible rescue of the electric aircraft builder Lilium failed. A promised million sum apparently never arrived at the start-up.

23 hours ago·Germany

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Tagesschau

Flight taxi developer Lilium announces bankruptcy again

With fresh money, investors wanted to save the electric aircraft manufacturer Lilium from bankruptcy. However, the promised investments never arrived. Now the German start-up had to declare bankruptcy for the second time.

24 hours ago·Hamburg, Germany

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Sueddeutsche Zeitung

Lilium again announces insolvency

The electric aircraft manufacturer Lilium waits for the money of the new investors in vain. Now the time has run out for him.

24 hours ago·Munich, Germany

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n-tv.de

Promised money did not come: Lilium files bankruptcy for the second time

At the last second, investors offered the electric aircraft manufacturer Lilium a fresh financial injection at Christmas. However, the much-needed money has never arrived. The consequence: the company has to stop operating now.

1 day ago

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