Lilium subsidiaries file for insolvency as parent company admits it may follow
VTOL developer Lilium has confirmed that two of its principal subsidiaries will file for insolvency and apply for self-administration proceedings.
Lilium drops 60% with subsidiaries expected to file for insolvency in Germany
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 of Germany would not approve a €50 million guarantee of a contemplated €100 million convertible loan for Lilium (LILM) from KfW.
Lilium reveals that German subsidiaries as insolvent
The Bavarian air taxi developer Lilium has announced that it will file for insolvency proceedings for its two most important operating subsidiaries "in a few days." Around a week ago, the German government had refused to grant the startup state aid.
Air taxi firm Lilium's shares plunge 61% after company says main subsidiaries will file for insolvency
Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.
German air-taxi maker Lilium's units to file for insolvency, shares plunge
German air-taxi developer Lilium said on Thursday two of its subsidiaries in the country have decided to file for insolvency following unsuccessful talks with state and federal governments to solve its cash crisis.
German flying taxi start-up Lilium to file for bankruptcy
BERLIN - A German flying taxi startup is expected to file for bankruptcy, US market regulators said on Oct 24, a week after the firm failed to gain crucial state backing.
German Flying Taxi Firm Lilium May File for Insolvency in Days
Lilium NV said its main subsidiaries may be forced to file for insolvency proceedings within days as the electric flying taxi firm struggles to raise enough funding to continue operations.
Air taxi firm Lilium plunges 62% after saying main subsidiaries will file for insolvency
Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.
Skift14h
Flying Taxi Startup Lilium Burned Through $1 Billion. Now It’s Facing Bankruptcy
Flying taxi startup Lilium faces significant risk of going bankrupt or shutting down if it can’t raise additional funds.
Lilium was once a promising ‘air taxi' startup worth billions. Now it's on the brink of insolvency
German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the ...
Electric aircraft startup Lilium has run out of money
Electric aircraft startup Lilium is shutting down after failing to raise emergency money from the German government, ...
Electric Air Taxi Start-Up Lilium Has Run Out of Money
Lilium, one of the world's leading eVTOL makers, said it has run out of money due to loan denials from the German parliament.
Air taxi maker Lilium is out of money and will cease operations
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 will imminently stop making them. In a ...
electrive7d
Confirmed: No financial aid for Lilium from Germany
It had already become apparent; now it's final! The developer of electric flying taxis, Lilium, will not receive any federal ...