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 ...

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 ...

FRANKFURT—Electric aircraft manufacturer Lilium Aerospace filed for insolvency Feb. 21 after its main investor failed to provide promised funding for the rebuilding of operations, likely ending ...

Credit: Volocopter Once the leaders in a nascent market, German electric air taxi startups Lilium and Volocopter are clinging to diminishing hopes of financial rescue. The latter has joined the ...

The bankruptcy of Lilium N.V. (OTC:LILMF) is a painful but fair reminder of that. It's a stark reminder to always be critical of your investment and the risks, even more so for UAM players.

However, it is still significantly more expensive than traditional aerospace incumbents like Embraer (3.04) and Lilium (6.49). In the eVTOL space, other firms, including Joby and Lilium ...

The staff for the Anime Central (ACen) event announced on Monday that this year's convention will host voice actress Eriko Nakamura. Nakamura is known for her role as Haruka Amami in The IDOLM ...

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, ...

Dominic Perry is Aerospace Editor, Europe contributing extensively to flightglobal.com. Although specialising in the coverage of the helicopter industry, he has written on most topics in aerospace ...

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 ...