Two years before German air taxi manufacturer Lilium promised to deliver its first two aircraft to customers, the air taxi pioneer has run out of money and may be forced to stop making them. We’ve ...

Lilium had announced its partnership with GE Aerospace to "build scalable flight data management solutions that inform the right safety standards and guidelines for eVTOL operators." As with many ...

Europe's flying taxi leaders are burning through cash — and investors aren't rushing to fill the gap for eVTOL startups ...

Daily Memo: Cash-Strapped eVTOL Startups Pivot To Subscale Drones is published in Advanced Air Mobility Report, an Aviation ...

German eVTOL firm Lilium is now insolvent and could cease operations unless it finds a new investor, the company shared late on Thursday. The firm, which launched in 2015, has been one of the ...

By Abhijith Ganapavaram (Reuters) -German air-taxi maker Lilium said on Monday it would file for insolvency "soon", after ...

Lilium, the manufacturer of an electric vertical takeoff and landing (eVTOL) jet designed to fly as many as seven passengers on 100-mile trips between cities, is out of cash. The firm on Thursday ...

Volocopter has named ex-Lilium executive Oliver Vogelgesang as its new chief financial officer, effective immediately.

Lilium, a startup that develops electric vertical takeoff and landing vehicles, or eVTOL, announced last week that its principal German subsidiaries will apply for self-administration proceedings ...

As it scrambles to raise further capital, Vertical has released its Flightpath 2030 strategy, deferring service entry for its ...

Europe's ambitious dream of electric flying taxis is running into some serious roadblocks due to budget shortages. German ...