Munich, August 8, 2025 — In a move that could reshape the European advanced air mobility (AAM) landscape, Ambitious Air Mobility Group N.V. (AAMG) has reaffirmed its strong interest in acquiring key assets from Lilium, including intellectual property, certification infrastructure, and engineering expertise. The European investment and industrial holding company says it is ready to…
Germany which is responsible for 4.8% of the global manufacturing output, has been affected more than many other European countries in the downturn in manufacturing after the Covid-19 pandemic. Combined with the increase in cost of energy due to the embargo on Russian energy after the Russo-Ukrainian War, lower demand for new automobiles, and increased…
Within the next few days Marian Boček will provide the portion necessary out of a total 150 million euros to keep the lights on at Lilium (OTCMKTS: LILMF) which needs around 10 million euros for salaries and rental costs each month. This is in addition to the tens of millions of euros owed to suppliers…
The Christmas Lights will turn on bright at Lilium after Munich-based MUC Mobile Uplift Corporation GmbH agreed to purchase the operating assets of the subsidiaries Lilium GmbH and Lilium eAircraft GmbH. In this asset purchase agreement which is planned to close in early January 2025, the subsidiaries will have the financial resources to continue their…
While Lilium is working hard to find different ways to save the company, there are many cards up its sleeve. Thanks to the self-managed insolvency, the millions in euros that would be required to pay for Lilium’s more than 1,000 employees is absorbed by the Federal Employment agency. Not only does this provide some financial…
Lilium has publicly announced that during its mergers and acquisition process (M&A) it will retain the services of the UK headquartered “Big Four” multi-service firm KPMG. The Local Court of Weilheim granted Lilium’s request for self-administered insolvency. Two court-appointed lawyers will join the subsidiaries Boards of Management as Chief Insolvency Officers (CIOs): Prof. Dr. Gerrit…
With the electric VTOL market expecting to grow from $1.2 billion in 2023 to $23.4 billion by 2030 and $1 trillion by 2040, it is a no-brainer that investors will flock 🦢to the innovators and manufacturers in this sector. Lilium has been a pioneer in all-electric VTOL aircraft. Founded by 4 bright engineers and university…
Lilium’s 6-k filing on Thursday (October 24th 2024), mentioned the situation at hand regarding the need of funds for Lilium (NASDAQ: LILM) to “conduct ongoing operations” in the same tempo it has in recent years. “As of the date of this report, the Company and the Subsidiaries have a limited amount of cash to conduct…
The German federal government currently faces a crucial decision: whether to support Lilium, an innovative aerospace company, with a €50 million loan guarantee. Lilium, known for its cutting-edge work on electric vertical takeoff and landing (eVTOL) aircraft, has the potential to place Germany at the forefront of the global race in urban air mobility. However,…
(Yes, we know the correct pronunciation, but thought this was fun!) Two potential sources of funding might provide the spark that jumpstarts electric VTOL manufacture Lilium’s growth. Both a €100 million ($110 million) loan from the German government owned KfW Development Bank and a French government investment of €220 million would provide Lilium with the…
Systems power-on paves the way for Lilium Jet’s ground testing campaign Munich, October 1, 2024 – Lilium N.V. (NASDAQ: LILM), a leader in electric aircraft manufacturing and a pioneer in Regional Air Mobility (RAM), has successfully completed the systems power-on milestone for its all-electric Lilium Jet. The first in-production aircraft, MSN 1, has undergone the…
Thanks to the incredible work between Lilium, EMCJET, and Galaxy FBO the great state of Texas will have Lilium jet connections between the cities of the Texas triangle. Houston (the energy capital), Dallas/Fort Worth (financial center with a Federal Reserve branch) and San Antonio (a major historical and tourist destination) will be fortunate to have…
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