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 to deliver aircraft in 2026.
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 filing to the US SEC,
German air-taxi maker Lilium's units to file for insolvency, shares plunge
German air-taxi developer Lilium said on Thursday two of its subsidiaries in the country have decided to file for insolvency following unsuccessful talks with state and federal governments to solve its cash crisis.
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 was once a promising ‘air taxi' startup worth billions. Now it's on the brink of insolvency
German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria.
Air-Taxi Maker Lilium Plummets After Insolvency Warning
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 45% 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.
Lilium share price: German air taxi maker stock cracks 61% - Know why
Shares of German air taxi maker Lilium cracked over 60 per cent in the US market after its subsidiaries informed that they will not be able to pay debts in the coming days. As per an SEC filing, managing directors of such Subsidiaries have determined that they are overindebted (Überschuldung) and are or will become unable to pay their existing liabilities.
Air taxi firm Lilium's shares plunge 61% after company says 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 ...
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