The race to become the first Western air-taxi company to carry passengers lost a high-profile competitor this month when ...

If you suffered losses exceeding $50,000 in Lilium between June 11, 2024 and November 3, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at ...

Makers of electric vertical take-off and landing aircraft (eVTOL), commonly known as air taxis, have raised roughly $13 ...

Volocopter has named ex-Lilium executive Oliver Vogelgesang as its new chief financial officer, effective immediately.

Lilium's financial crisis underscores significant challenges for Western air-taxi companies, highlighting investment shortfalls and certification delays. While raising $13 billion since 2019, the ...

THE LAWSUIT: A class action securities lawsuit was filed against Lilium N.V. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between June 11, 2024 ...

Lilium shares are trading lower by 11% Monday morning. The company received a Nasdaq notice of the suspension and delisting of its Class A shares and warrants. What To Know: This decision follows ...

German air-taxi maker Lilium said on Monday it would file for insolvency "soon", after efforts to solve its cash-crisis failed to yield results.

Insolvency and restructuring experts from Gorg and Pluta Rechtsanwalts will shortly begin seeking buyers for Lilium’s main operating units following their appointment to the German firms under a ...

Lilium (LILM) has released an update. Lilium’s key German subsidiaries have filed for insolvency, raising uncertainty over their financial future. This development may impact investor sentiment ...

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 ...

(Reuters) - German air-taxi maker Lilium, which is set to file for insolvency after running into a cash crisis, said on Tuesday it had hired consultancy KPMG to explore merger and acquisition options.