German air-taxi maker Lilium to file for insolvency

Lilium NV

04/11/2024 14:35

Nov 4 (Reuters) - German air-taxi maker Lilium  5KD.F 
said on Monday it would file for insolvency "soon", after
efforts to solve its cash-crisis failed to yield results.
    This comes days after two of its subsidiaries in Germany
decided to file for insolvency following unsuccessful talks with
state and federal governments to raise more money to keep them
afloat.
    At that time, Lilium said it was reviewing whether there
were grounds for its own insolvency as well.

 (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by
Shilpi Majumdar)
 ((Email: Abhijith.G@thomsonreuters.com; Mobile:
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