The company behind the Lilium Jet has filed for insolvency after its funding option dried up and promises of new financing ...

Manufacturer was building an electric vertical takeoff and landing (eVTOL) jet to fly up to seven passengers on city-to-city ...

Would-be electric air taxi developer Lilium Aerospace appears to have won a stay of execution and has postponed filing for ...

Lilium Aerospace's short-lived existence has ended in insolvency after the company failed to secure funding from its backers ...

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 ...

The provisional insolvency administrator has taken the helm at the insolvent German electric aircraft manufacturer Lilium.

Lilium, which has pioneered eVTOL aircraft development in Europe for more than a decade, is being shut down after a delayed ...

Lilium Suspends Business Ops, Faces Potential Second Insolvency is published in Advanced Air Mobility Report, an Aviation ...

The plans to save the electric flying taxi developer Lilium have failed again. Lilium filed for insolvency again this Friday at Weilheim Local Court, as ...

Lilium’s shares have plunged hard in the past few years, pushing its market cap to about $520 million. At its peak, it had a market cap of over $2.1 billion as demand for eVTOL companies rose.

Archer Aviation (ACHR) and Lilium (LILM) are two of the most popular electric vertical takeoff and landing (EVTOL) or flying ...

German eVTOL developer Lilium ( Oberpfaffenhofen) announced it filed for insolvency on February 21 after last-ditch funding ...