FRANKFURT—Electric aircraft manufacturer Lilium Aerospace filed for insolvency Feb. 21 after its main investor failed to provide promised funding for the rebuilding of operations, likely ending the ...

Despite raising $1.4 billion since 2017, Lilium has still not flown with a full-scale aircraft. Credit: Lilium For the past couple years, Lilium has struggled to raise enough funds to remain a going ...

Arrival of the complete fuselage for the first revolutionary Lilium Jet at Lilium’s final assembly line for start of production marks a definitive shift from the design phase to industrialization ...

Competition in the Advanced Air Mobility (AAM) industry has been fierce and has led to recent consolidation. Some of the remaining companies include Joby Aviation, Wisk Aero, Wanfeng, and Archer ...

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 ...

Archer Aviation’s (NYSE:ACHR) patent portfolio now includes more than 1,000 assets, a milestone reached following last week’s purchase of the patent portfolio from Lilium, the now-defunct German eVTOL ...

According to a statement released to Aviation Week, Mobile Uplift consists of the US private equity group Fifth Wall and an unnamed European financial investor along with battery producer CustomCells ...

Fresh from losing out on Lilium’s assets to Archer Aviation, Dutch firm Ambitious Air Mobility Group (AAMG) has turned its attentions elsewhere and agreed to invest an undisclosed sum in Czech hybrid ...

Shares of Archer Aviation Inc (NYSE:ACHR) are moving higher in early trading Thursday morning, fueled by investor optimism following the company’s successful acquisition of Lilium’s patent portfolio.

Lilium Aerospace employees are still no clearer when their wages for January will be paid after another week passed under the electric air taxi developer’s new ownership. Salaries were due to be paid ...

Archer Aviation (NYSE:ACHR) on Wednesday said it has won the competitive bid process to acquire Lilium GmbH’s portfolio of about 300 advanced air mobility patent assets for €18 million. The company ...