On June 16tth at the 2025 Paris Air Show, Republic Airlines and BETA Technologies signed a memorandum of understanding (MoU) in which Republic Airlines will purchase of at least one BETA electric Alia CX300. Republic will use these electric aircraft to training and evaluating future use in passenger and cargo services. “At Republic, we’re always exploring…
Archer (NYSE: ACHR) successfully demonstrated a piloted test flight of its eVTOL aircraft in CTOL (conventional takeoff and landing) mode, soaring over 1,500 feet and cruising up to 125 mph.
Vertical Aerospace (NYSE: EVTL) has achieved a historic milestone in European aviation on the 27th of May 2025 by conducting the first piloted wingborne flight of a an electric vertical take-off and landing (eVTOL) aircraft in open airspace. The VX4 prototype, soaring over the UK countryside from Cotswold Airport, successfully showcased controlled wingborne flight in open…
Anduril Industries UK announced on May 19th 2025 that it will lead a team of industry heavyweights including Archer Aviation (NYSE: ACHR), UK-based Skyports Drone Services, and Canadian-based AtkinsRéalis to develop dual use civil and military air transport for the UK using Archer Aviation’s Midnight eVTOL aircraft. Cargo, beyond visual line of sight (BVLOS) operations,…
Archer Aviation (NYSE: ACHR) has been designated as the Official Air Taxi Provider for the LA28 Olympic and Paralympic Games and Team USA. As the official air taxi, Archer will be transporting athletes, dignitaries, other VIPs and stakeholders, as well as lucky fans across the key venues, back and forth from the vertiport hubs. Archer will…
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…
Archer Aviation (NYSE: ACHR) will now be able to train and qualify pilots at is new training academy since it received its Part 141 certificate from the FAA. The Part 141 certification, will come in handy along with the Part 142 certification that Archer has currently applied for to enable Archer to proceed with its…
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…
Against the backdrop of the iconic Mount Fuji, Joby Aviation, Inc. (NYSE:JOBY) in a partnership with Toyota that has been 7 years in the making, Joby’s eVTOL aircraft took to the Japanese skies flying quietly under a low acoustic footprint without disturbing the serenity and tranquility of Mount Fuji. Toyota’s Higashi-Fuji Technical Center in Shizuoka,…
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…
Joby finalized the sale of 40,000,000 shares of common stock at a public offering price of $5.05 per share, making Joby possessing a cash balance of over $1 billion. The company held $825 million by the second quarter of 2024. Early this October, Joby received a $500 million in funding from Toyota. This puts the…
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…
Chicago’s Air Travel Hub United Airlines and Archer have announced plans for commercial eVTOL air taxi between O’Hare airport and Vertiport Chicago. Given Chicago has O’Hare International Airport (ORD) as a major air travel hub, and Vertiport Chicago (which is the largest heliport in the North America), as well as being the location of United’s…
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