FRANKFURT—Advanced air mobility startup Lilium plans to file for self-administered insolvency in Germany. The company said in an Oct. 24 filing to the U.S. Securities and Exchange Commission ...

Lilium’s financial struggles are reaching a crisis point as it strives to get to first flight of the Lilium Jet. Credit: Lilium Lilium has stepped up pressure on the German federal and Bavarian ...

Thursday's news from next-generation aircraft developer Lilium (NASDAQ: LILM) was worrying. On the Germany-based company's admission that it would not be provided a loan guarantee by that country ...

German air taxi developer Lilium has powered up its Lilium Jet for the first time, marking what it calls a “significant milestone towards first flight”. The Munich-based urban air mobility ...

Loss-making Lilium is increasingly confident that it will gain approval “in the coming weeks” for a vital €100 million ($110 million) convertible loan from the German state development bank ...

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Lilium divulged the news in a regulatory filing with the U.S. Securities and Exchange Commission (SEC). The company said that it "received indication" that the German parliament's budget committee ...