Lilium, once a darling in the nascent industry of electric aircraft that raised more than $1 billion before going public, has ceased operations and laid off about 1,000 workers after efforts to gain ...

Electric aircraft startup Lilium may have ceased operations a year ago, but its insolvency filing wasn’t quite the end of the German-based company. There were multiple failed attempts to restructure ...

Lilium, a German developer of electric vertical takeoff and landing (eVTOL) jets, is shutting down after critical funding, including a government loan and a private investor deal, failed to ...

Propulsion system represents a cornerstone of Lilium’s iconic aircraft architecture, opening the way for superior performance, safety, unit economics and customer experience Assembly takes place at ...

Lilium, the German manufacturer of the all-electric Lilium Jet, filed for insolvency after failing to secure a loan guarantee from the Bavarian government. The company is now working with KPMG to find ...

The first appearance of Archer Aviation’s Midnight aircraft at the NBAA show became more-symbolic as news broke on 15 October that the California start-up successfully bid to acquire the assets of now ...

Acting as the Lilium Jet’s main electrical arteries, the high voltage harnesses will distribute power from the aircraft batteries to the jet engines on the wings and canards The novel harness system, ...

KPMG mandated for a structured M&A process – first investor briefings to start soon Local court approved insolvency filings of Lilium’s German subsidiaries and appoints custodian and Chief Insolvency ...

Almost a month after Ambitious Air Mobility Group (AAMG) emerged as the latest suitor for what remains of Lilium there is still little public information on who is financing the operation, or on the ...

MUNICH, Germany, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, and Saint-Gobain Aerospace today ...