The consortium led by European investment holding company AAMG (Ambitious Air Mobility Group N.V.) is getting serious about its plans to revive the failed aviation startup Lilium. AAMG has now formally applied for a purchase agreement, under the conditions that were announced on Monday: AAMG wants to pay €20 million for the startup’s assets, and holds another €250 million ready to make the company operational again. Another €500 million is apparently also at AAMG’s disposal should further complications arise.
According to information from the German publication Handelsblatt, AAMG and its partners have now also leased significant facilities at Oberpfaffenhofen Airport, Lilium’s headquarters. A spokesperson for AAMG declined to…