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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 insolvency in the coming days.
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.
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.
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.
German Flying Taxi Firm Lilium May File for Insolvency in Days
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 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,
Lilium drops 60% with subsidiaries expected to file for insolvency in Germany
Lilium N.V. (NASDAQ:LILM) plunged in early trading on Thursday after the eVTOL company disclosed that it received an indication that the budget committee of the parliament of the Federal Republic of Germany would not approve a €50 million guarantee of a contemplated €100 million convertible loan for Lilium (LILM) from KfW.
1h
Air taxis: the latest on the flying electric cars bringing the Jetsons dream to life
Stellantis announced a deal with air taxi startup Archer to mass-produce the company’s electric vertical takeoff and landing ...
5h
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 ...
3h
Joby's air taxi dreams soar closer to reality with public stock offering
Unlike other developers of electric vertical take-off and landing (eVTOL) aircraft, the Santa Cruz-based Joby sees itself as ...
CNET
6d
Inside Joby's Air Taxi Facility, I Saw the Future of Air Travel Take Flight
This aircraft takes off like a helicopter but flies more like a plane. We got to see how an air taxi gets built -- and how ...
1d
New FAA rules issued for “powered-lift” aircraft such as Santa Cruz-based Joby’s air taxi
Joby Aviation said that with the final rule, the FAA “lays the groundwork necessary for Joby to launch commercial passenger ...
The Motley Fool
1d
Is Archer Aviation or Joby Aviation the Better Air Taxi Stock?
With regulatory approvals in sight and major industry partnerships secured, these two
air
taxi
pioneers are racing to ...
2d
on MSN
Flying taxis move one step closer to US takeoff
Flying air taxis took one step closer on Wednesday after US officials issued rules on how they could be used. Federal ...
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