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Lilium, the German eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has shut down operations after failing to secure critical funding. This marks the company’s second insolvency filing in a matter of months, bringing an end to what was once seen as a revolutionary force in the urban air mobility sector. Lilium’s collapse follows years…
The sector faces mounting financial risks that could jeopardise operations and, ultimately, impact patient safety. Setting the scene – rising demand and sector pressures According to the Office for National Statistics (ONS), the UK population is expected to reach 70 million by mid-2026, with the number of people aged 85 and over projected to rise…
Aspial Lifestyle Limited Announces Liquidation and Striking Off of Dormant Subsidiaries TipRanks Read the original article here
DebtBook, a software provider for government and nonprofit treasury teams, has a new debt management tool. The company’s Sizing feature, announced Tuesday (Feb. 25), lets treasury departments structure, compare and analyze their financing options in-house. “Traditionally, government and nonprofit treasury teams have had limited access to the tools necessary to model new debt issuances in-house,” DebtBook said…
German eVTOL developer Lilium Aerospace has filed for insolvency for the second time after a planned investor rescue failed to materialize. The company, which initially filed for insolvency in October 2024, had hoped to secure a €200 million (US$210 million) investment from a group of European and North American investors under the Mobile Uplift Corporation…
8 February 2023, 04:57 PM The National Bank of Ukraine (NBU) declared JSC Forward Bank, owned by Russian citizen Rustam Tariko, to be insolvent, the central bank reported on Feb. 8. The NBU took this decision due to the irreversible deterioration of the bank’s financial condition. The bank has been considered problematic since Nov. 24,…
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Carolyn Geason-Beissel/MIT SMR | Getty Images Technical debt is an anchor, dragging down business leaders’ efforts to run a tight ship. The accumulated costs and effort from IT development shortcuts, outdated applications, and aging infrastructure sap a company’s ability to innovate, compete, and grow. A degree of technical debt is inevitable. To remain agile, businesses…
News | Crafts chain Joann now plans to shut all its stores in liquidation CoStar Group Read the original article here