Lilium subsidiaries file for insolvency as parent company admits it may follow
VTOL developer Lilium has confirmed that two of its principal subsidiaries will file for insolvency and apply for self-administration proceedings.
Lilium drops 60% with subsidiaries expected to file for insolvency in Germany
Lilium N.V. (LILM) stock plummeted 60% after facing funding challenges, potentially leading to insolvency proceedings for its subsidiaries in Germany.
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.
Lilium reveals that German subsidiaries as insolvent
The Bavarian air taxi developer Lilium has announced that it will file for insolvency proceedings for its two most important operating subsidiaries "in a few days." Around a week ago, the German government had refused to grant the startup state aid.
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 start-up Lilium to file for bankruptcy
BERLIN - A German flying taxi startup is expected to file for bankruptcy, US market regulators said on Oct 24, a week after the firm failed to gain crucial state backing.
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 firm Lilium plunges 62% 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.
Skift2h
Flying Taxi Startup Lilium Burned Through $1 Billion. Now It’s Facing Bankruptcy
Flying taxi startup Lilium faces significant risk of going bankrupt or shutting down if it can’t raise additional funds.
Electric aircraft startup Lilium has run out of money
Electric aircraft startup Lilium is shutting down after failing to raise emergency money from the German government, ...
Robb Report20h
Electric Air Taxi Start-Up Lilium Has Run Out of Money
The company has 1,000 employees, including 500 aerospace engineers, with its headquarters in Munich, Germany. The company’s ...
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 ...
Why did Lilium’s stock crash 61% — is there hope left for flying taxis?
Lilium’s stock nosedives over 55% as two key subsidiaries face insolvency. The aerospace startup struggles to secure state ...
Lilium board approves application for self-administration of German units
N.V. announced that its principal German subsidiaries will apply for self-administration proceedings in the next few days with ...