Lilium Aerospace files for insolvency, ceases operations news Yves Le Marquand 21 Feb 25 0 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… Read more
Eve Air Mobility secures $50m loan from Citi news Fayaz Hussain 30 Oct 24 0 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… Read more
Lilium will not receive German federal loan guarantee news Yves Le Marquand 17 Oct 24 0 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… Read more
Lilium CEO hits out at ‘misunderstandings’ over German state bank loans news Yves Le Marquand 14 Oct 24 0 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… Read more
Lilium and Saudia announce binding order for at least 50 aircraft news Yves Le Marquand 18 Jul 24 0 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… Read more
Lilium reports successful first propulsion unit tests news Yves Le Marquand 26 Jun 24 0 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… Read more
Lilium CEO expects state loan guarantees in matter of weeks news Yves Le Marquand 14 Jun 24 0 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… Read more
Lilium establishes entity to expand role in Chinese market news Yves Le Marquand 10 Jun 24 0 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,… Read more
Lilium launches public offering to bridge liquidity gap news Yves Le Marquand 24 May 24 0 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… Read more
Lilium expects state guarantees in Germany against loan worth €100m-plus news Yves Le Marquand 15 May 24 0 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… Read more
Lilium shifting focus to France as it seeks capital for production ramp up news Yves Le Marquand 13 May 24 0 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… Read more
Lilium and UrbanLink agree deal for 20 aircraft news Yves Le Marquand 7 May 24 0 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… Read more
Volocopter capital needs intensify following loan option stall news Yves Le Marquand 29 Apr 24 0 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… Read more
Lilium begins production of battery packs news Yves Le Marquand 16 Apr 24 0 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… Read more
Lilium names Johan Malmqvist as chief financial officer news Yves Le Marquand 25 Mar 24 0 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… Read more