Lilium subsidiaries file for insolvency as parent company admits it may follow
Aerotime
OCTOBER 25, 2024
It has been confirmed by electric vehicle takeoff and landing (eVTOL) aircraft developer Lilium that two of its principal subsidiaries will file for insolvency and apply for self-administration proceedings in Germany. The announcement came on October 24, 2024, in a SEC filing in which the parent company Lilium N.V. spelled out the dire situation for its units Lilium GmbH and Lilium eAircraft GmbH.
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