The all-electric Lilium Jet, a vertical takeoff and landing (VTOL) design being developed by German manufacturer Lilium, may need to find new life elsewhere. Lilium on Tuesday enlisted accounting ...

Lilium (NASDAQ:LILM) has tapped KPMG to conduct a structured M&A process, as the cash-strapped air-taxi maker looks to re-emerge following restructuring. KPMG has been appointed to conduct an open ...

Lilium (LILMF) has released an update. Lilium N.V. has initiated insolvency proceedings in Germany, appointing a preliminary insolvency administrator to manage its assets and operations. This move ...

Lilium has appointed accountancy firm KPMG to sell the business, as the cash-strapped air taxi developer seeks new investment. Bavaria, Germany-based Lilium says the first investor briefings under ...

Nov 4 (Reuters) - German air-taxi maker Lilium (5KD.F), opens new tab said on Monday it would file for insolvency "soon", after efforts to solve its cash-crisis failed to yield results.

The Lilium Jet consumes 10 times more power in hover than in cruise. Credit: Lilium For the past couple of years, Lilium has struggled to raise enough funds to remain competitive. It may now be ...

Lilium (LILM) has released an update. Lilium N.V., an aviation company, has filed for insolvency proceedings in Germany as reported to the SEC. This move signals significant financial distress and ...

Company says it is still building Lilium Jet prototypes and plans to start test flights Lilium engineers have conducted structural tests on a Lilium Jet airframe as part of preparations to flight ...

German sportswear maker Puma's third-quarter sales missed expectations on Wednesday due to sluggish demand and as weaker currencies in markets like Mexico, Argentina and Japan weighed on its ...

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 may be forced to stop making them.

Electric aircraft startup Lilium is shutting down after failing to raise emergency money from the German government, according to a regulatory filing. The filing comes after a series of setbacks ...

Seven years after its first test flight, German electric air taxi manufacturer Lilium has run out of funding and filed for insolvency for its two primary subsidiaries. That's from a regulatory ...