Lilium's proposed sale has stalled after insolvency administrator Pluta said it has not received the bank guarantee required to close the transaction. Ambitious Air Mobility Group says the acquisition is moving forward, but Pluta says the sale cannot proceed without the guarantee.
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Briefing
The insolvency administrator says the deal cannot close without a bank guarantee, putting a near-term restart of Lilium’s operations and asset transfer on hold. (See earlier coverage of the potential sale: https://hype.aero/?story=f58143e3-bcb7-4a0e-9d5f-edb3a9cb52bb)
The prospective buyer previously reported it had raised €250m with access to a further €500m to fund the acquisition and restart Lilium — a funding claim central to the offer’s credibility. (Background on the Ambitious Air Mobility funding plan: https://hype.aero/?story=a017039c-d7ff-4555-a3a5-f90a9e8eba84)
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FlightGlobal
• Dominic Perry