The almost 1,000 employees of the insolvent electric aircraft manufacturer Lilium will probably not receive any insolvency benefits. This was announced to the employees by the provisional ...

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 ...

German eVTOL developer Lilium (Oberpfaffenhofen) announced it filed for insolvency on February 21 after last-ditch funding options to secure its future did not materialise in time. "While talks about ...

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 ...

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 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, ...

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 ...

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