Lilium (LILMF) has released an update. Lilium N.V. has initiated insolvency proceedings in Germany, appointing a preliminary insolvency administrator to manage its assets and operations. This move ...

Lilium has appointed accountancy firm KPMG to sell the business, as the cash-strapped air taxi developer seeks new investment. Bavaria, Germany-based Lilium says the first investor briefings under ...

German sportswear maker Puma's third-quarter sales missed expectations on Wednesday due to sluggish demand and as weaker currencies in markets like Mexico, Argentina and Japan weighed on its ...

Electric aircraft startup Lilium is shutting down after failing to raise emergency money from the German government, according to a regulatory filing. The filing comes after a series of setbacks ...

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 may be forced to stop making them.

Seven years after its first test flight, German electric air taxi manufacturer Lilium has run out of funding and filed for insolvency for its two primary subsidiaries. That's from a regulatory ...

Lilium, the manufacturer of an electric vertical takeoff and landing (eVTOL) jet designed to fly as many as seven passengers on 100-mile trips between cities, is out of cash. The firm on Thursday ...

Lilium’s international competition is receiving grants and loans in the U.S., France, China, Brazil, and the UK. Therefore, German government support was seen by Lilium investors as critical to ...

LAS VEGAS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- With eVTOLs on the cusp of taking off commercially in the coming years, GE Aerospace is partnering with Lilium, a leading electric aircraft ...

Lilium shares are trading lower by 36% during Friday's session. The company's German subsidiaries announced plans to seek insolvency in court. Lilium NV LILM shares are trading lower by 38% to 13 ...

Lilium’s main German operating subsidiaries are to file for insolvency amid an ongoing cash crisis at the electric air taxi developer. Revealing the move on 24 October, the company says the two ...

Lilium N.V. (NASDAQ:LILM) plunged in early trading on Thursday after the eVTOL company disclosed that it received an indication that the budget committee of the parliament of the Federal Republic ...