The company behind the Lilium Jet has filed for insolvency after its funding options dried up and promises of new financing failed to materialize. Lilium Aerospace, which evolved after Lilium GmbH and ...

The German startup Lilium has faced several difficult turns lately, and was already heading towards insolvency when an investor stepped in on Christmas Eve last year to save the company. At the time, ...

The Lilium Jet eVTOL model was expected to enter commercial service, carrying four to six passengers, by the end of 2026. © AIN/David McIntosh ...

News and analysis covering cutting-edge aviation technology and business models, including zero-carbon propulsion, eVTOL aircraft, automation and autonomy, and new infrastructure.

After hours: March 14 at 5:58:40 PM EDT Loading Chart for VTOL ...

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 ...

The provisional insolvency proceedings at air taxi manufacturer Volocopter are turning into regular insolvency proceedings. The search for investors that ...

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German electric aircraft manufacturer Lilium has filed for bankruptcy for the second time following a failed rescue attempt. The €200 million ($209.3 million) promised by an investor consortium ...