Once the leaders in a nascent market, German electric air taxi startups Lilium and Volocopter are clinging to diminishing hopes of financial rescue. The latter has joined the former in full insolvency ...

Lilium, a German developer of electric vertical takeoff and landing (eVTOL) jets, is shutting down. Lilium’s two core subsidiaries ran out of cash in October, forcing it to file for “self ...

The provisional insolvency proceedings at air taxi manufacturer Volocopter are turning into regular insolvency proceedings.

Lilium, once a darling in the nascent industry of electric aircraft that raised more than $1 billion before going public, has ceased operations and laid off about 1,000 workers after efforts to ...

The Lilium Jet eVTOL model was expected to enter commercial service, carrying four to six passengers, by the end of 2026. © AIN/David McIntosh ...

Lilium which has a model certified by the European Agency of Air Safety, has the intention of developing the air taxis world market with VTOL electric aircraft, and a seven passenger capacity.