Lilium Aerospace files for insolvency, ceases operations

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Yves Le Marquand

21 Feb 25

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Lilium Aerospace, the new face of Lilium after it entered insolvency proceedings in December last year, has now filed for insolvency after new funding options…

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Eve Air Mobility secures $50m loan from Citi

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Fayaz Hussain

30 Oct 24

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Eve Air Mobility announced it has secured a $50m loan from Citibank to further its aircraft research and development programme. This additional funding, coupled with…

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Lilium will not receive German federal loan guarantee

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Yves Le Marquand

17 Oct 24

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UPDATED: Lilium will continue negotiations with Bavaria for a €50m loan after its application for a federal loan guarantee worth the same amount was denied…

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Lilium CEO hits out at ‘misunderstandings’ over German state bank loans

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Yves Le Marquand

14 Oct 24

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Klaus Roewe, CEO and executive director of German eVTOL developer Lilium, has responded to what he calls “misunderstandings” regarding the firm’s loan from German development…

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Lilium and Saudia announce binding order for at least 50 aircraft

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Yves Le Marquand

18 Jul 24

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Saudia and Lilium have signed a binding sales agreement for 50 Lilium Jets, with options for the purchase of 50 more.  The agreement marks the largest of…

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Lilium reports successful first propulsion unit tests

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Yves Le Marquand

26 Jun 24

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Lilium has completed the first series of tests of its electric jet propulsion unit.  Testing of the propulsion unit, comprising two engines within a propulsion…

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Lilium CEO expects state loan guarantees in matter of weeks

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Yves Le Marquand

14 Jun 24

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Lilium expects to receive guarantees from the Federal Government and the State of Bavaria as security for a loan from the German state bank KfW…

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Lilium establishes entity to expand role in Chinese market

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Yves Le Marquand

10 Jun 24

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Lilium has signed an agreement with China’s Shenzhen-based Bao’an District to establish an entity in the country. The subsidiary, known by its English translation as Powerful Wing,…

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Lilium launches public offering to bridge liquidity gap

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Yves Le Marquand

24 May 24

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Lilium has announced plans to raise capital through a public offering of its Class A shares and warrants, alongside a private placement. “We currently intend…

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Lilium expects state guarantees in Germany against loan worth €100m-plus

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Yves Le Marquand

15 May 24

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The positive answer Lilium was looking for from Germany appears to have been realised as the federal government and State of Bavaria commission state development…

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Lilium shifting focus to France as it seeks capital for production ramp up

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Yves Le Marquand

13 May 24

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Lilium is in advanced talks with the French government on potential subsidies and loan guarantees worth up to €400m as it seeks to expand production…

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Lilium and UrbanLink agree deal for 20 aircraft

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Yves Le Marquand

7 May 24

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New US operator UrbanLink will operate Lilium Jets in South Florida following a deal which will see the airline purchase 20 aircraft from Lilium.  The…

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Volocopter capital needs intensify following loan option stall

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Yves Le Marquand

29 Apr 24

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Volocopter’s CEO, Dirk Hoke has said the company could be forced to look at insolvency options “in the foreseeable future”, according to German newspaper Süddeutsche Zeitung. The…

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Lilium begins production of battery packs

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Yves Le Marquand

16 Apr 24

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Lilium has started production of its battery packs to power the Lilium Jet on its first piloted test flight, planned for the end of this…

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Lilium names Johan Malmqvist as chief financial officer

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Yves Le Marquand

25 Mar 24

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German eVTOL developer Lilium has appointed Johan Malmqvist as chief financial officer (CFO). Malmqvist  has more than 25 years’ experience in CFO roles across a…

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