Sunday, 19 January 2025

Focus on Lilium N.V.

FILE PHOTO: A full-scale mock-up of an electrically powered vertical take-off and landing aircraft (eVTOL), which can carry up to 6 passengers, from the German aviation company Lilium stands in a factory hall in Gauting, Germany, October 14, 2024. REUTERS/Angelika Warmuth/File Photo
AnalysisAviationBusinessEconomyElectric Vehicles (EVs)

Analysis: Lilium’s fall throws spotlight on air-taxi cash crunch

The air-taxi industry faces hurdles as Lilium exits, raising doubts about timelines and viability despite investor support.

An electrically powered vertical take-off and landing aircraft (eVTOL), which can carry up to 6 passengers, from the German aviation company Lilium is being built in a factory hall in Gauting, Germany, October 14, 2024. REUTERS/Angelika Warmuth/File Photo
AviationBusinessElectric Vehicles (EVs)NewsRegulations

German air-taxi maker Lilium hires KPMG to explore M&A options

The move to explore options comes after a court granted Lilium's application for self administration, the company said.

FILE PHOTO: A picture from Munich flying taxi startup Lilium shows its five-seater prototype in Munich, Germany, October, 2019. Lilium/Handout via REUTERS/File Photo
BusinessEconomyElectric Vehicles (EVs)ManufacturingNews

German air-taxi maker Lilium’s units to file for insolvency, shares plunge

Lilium's German subsidiaries filed for insolvency amid a cash crunch, sending shares down 57 per cent.

FILE PHOTO: A full-size mock-up of an electrically powered Lilium Jet air taxi is seen in a presentation bay inside a hangar at the German company’s headquarters in Oberpfaffenhofen airport outside Munich, Germany, December 2, 2022. REUTERS/Tim Hepher/File Photo
AviationBusinessElectric Vehicles (EVs)NewsTransport

Lilium to begin studying US air-taxi assembly sites this year

German eVTOL firm hopes to open assembly plant in United States by the end of the decade as it pursues regional air transport...

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