Lilium News

Aviation Week • Jens Flottau

Volocopter Files for Insolvency Amid Search for Investors

Volocopter, the German eVTOL manufacturer, filed for insolvency proceedings on December 26, 2024, at the Karlsruhe Local Court. The company aims to continue operations while seeking new investors and plans to develop a restructuring strategy by February 2025 to secure its future.

2024-12-30T01:23:51.639286-08:00

FlightGlobal

Lilium Acquisition by Mobile Uplift to Finalize on 20 January

2025-01-08T11:52:29.480767-08:00

eVTOL Insights

Lilium Secures Investment to Avert Liquidation Crisis

2025-01-06T02:16:23.301080-08:00

Aviation Week

Lilium Secures Over €200 Million Investment Amid Insolvency

2025-01-02T08:07:06.828998-08:00

Lilium News Timeline

FlightGlobal

Lilium Acquisition by Mobile Uplift to Finalize on 20 January Mobile Uplift Corporation is set to complete the acquisition of Lilium's operating assets by 20 January, following possession of these assets. This move precedes a planned €200 million capital infusion intended to bolster Lilium's electric air taxi development efforts.

2025-01-08T11:52:29.480767-08:00

Lilium Acquisition by Mobile Uplift to Finalize on 20 January

eVTOL Insights

Lilium Secures Investment to Avert Liquidation Crisis Lilium, the German eVTOL manufacturer, faced liquidation and job losses just days before Christmas. On December 20th, staff were informed of the situation, but a last-minute investment on Christmas Eve rescued the company, securing its future and retaining 750 employees.

2025-01-06T02:16:23.301080-08:00

Lilium Secures Investment to Avert Liquidation Crisis

Aviation Week

Lilium Secures Over €200 Million Investment Amid Insolvency Investors plan a major capital infusion into Lilium, aiming to revive the electric aircraft manufacturer as it navigates insolvency, demonstrating industry confidence in the electric aviation sector's potential for growth.

2025-01-02T08:07:06.828998-08:00

Lilium Secures Over €200 Million Investment Amid Insolvency

Aviation Week

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Volocopter Files for Insolvency Amid Search for Investors Volocopter, the German eVTOL manufacturer, filed for insolvency proceedings on December 26, 2024, at the Karlsruhe Local Court. The company aims to continue operations while seeking new investors and plans to develop a restructuring strategy by February 2025 to secure its future.

2024-12-30T01:23:51.639286-08:00

Volocopter Files for Insolvency Amid Search for Investors

AVweb

Lilium Avoids Insolvency with New Investor Agreement Struggling eVTOL manufacturer Lilium has secured a financial lifeline by signing an asset purchase agreement with a new investor. This move comes after the company faced potential insolvency, signalling a critical turning point for the electric aircraft startup.

2024-12-26T07:51:36.836877-08:00

Lilium Avoids Insolvency with New Investor Agreement

FlightGlobal

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Lilium Secures Investor Deal with Mobile Uplift to Resume Operations Lilium has signed an asset purchase agreement with Mobile Uplift Corporation, comprising European and North American investors, to acquire its main subsidiaries. The deal, pending conditions precedent, aims to restart operations by January, thus preventing dissolution of the German electric aircraft manufacturer.

2024-12-24T03:03:42.814016-08:00

Lilium Secures Investor Deal with Mobile Uplift to Resume Operations

AeroTime

Lilium's Operations Halt as Nearly All Staff Laid Off German eVTOL developer Lilium has ceased operations following the layoff of almost 1,000 employees. The company's financial struggles have culminated in the termination of nearly all its workforce, as it seeks a last-minute buyer to avoid impending liquidation.

2024-12-23T02:07:38.542257-08:00

Lilium's Operations Halt as Nearly All Staff Laid Off

eVTOL Insights

Lilium Attracts Multiple Bids Amid Acquisition Talks German eVTOL company Lilium is in negotiations with several bidders, as identified by a report from Wirtschaftswoche (WiWO). The decision regarding the winning bid is expected soon, potentially concluding ongoing acquisition discussions. This move underscores the growing interest in eVTOL technology within the aerospace sector.

2024-12-19T02:00:18.287383-08:00

Lilium Attracts Multiple Bids Amid Acquisition Talks