Keystone
The insolvent electric aircraft pioneer Lilium from Germany has found an investor and intends to continue its business. A consortium of investors has signed a purchase agreement for the assets of Lilium’s subsidiaries.
As the start-up company announced on Christmas Eve, the consortium is called Mobile Uplift Corporation. The 750 employees who were laid off on Friday will be brought back, a spokesperson said.
“We are very pleased to announce the signing of an investment agreement with a very experienced consortium of investors,” said CEO Klaus Roewe. “The completion of the transaction in early January will enable us to…
