{
Klaus Roewe

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lilium files for insolvency amid funding struggles and market challenges

Lilium, a leading electric aircraft manufacturer, has filed for insolvency for its key German subsidiaries after failing to secure a critical €100 million government-backed loan. This decision puts over 1,000 jobs at risk and jeopardizes the future of its ambitious plans for mass production of electric jets, despite having logged significant future sales. The company hopes to restructure under self-administration, aiming for a potential fresh start post-proceedings.
CleanTechnica
Euro KFWG UG Handelsblatt GmbH Lilium N.V. FRA GBR DEU USA Klaus Roewe Elon Musk Show more
Finance & Economy, News Article
04:50 30.10.2024
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