Europe's flying taxi leaders are burning through cash — and investors aren't rushing to fill the gap for eVTOL startups ...

setting sights on fresh investment to support the all-electric Lilium Jet’s path to certification and entry into service Teams on the ground continue to work towards achieving program milestones ...

KPMG mandated for a structured M&A process – first investor briefings to start soonLocal court approved insolvency filings of Lilium’s German ...

The hope now is that KPMG can help find a buyer to take on some or all of the business, potentially reviving the Lilium Jet. Lilium said it has informed employees about payment and met with ...

Volocopter has named ex-Lilium executive Oliver Vogelgesang as its new chief financial officer, effective immediately.

including from its largest shareholder Tencent Holdings , to fund the development of its eVTOL (electric vertical take-off and landing) jet. Germany air taxi firm Lilium plans to raise $250 ...

The Lilium Jet itself continues in development, with two jets progressing through final assembly stages. One aircraft recently achieved a milestone by completing initial low-voltage power-on ...

German air-taxi maker Lilium said on Monday it would file for insolvency "soon", after efforts to solve its cash-crisis failed to yield results.

As reported in May, Lilium is looking into setting up a production site in France, a prerequisite for funding. Production of the Lilium Jet began in 2023 with a small series at Lilium’s headquarters ...