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…
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…
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,…
Lilium faces second bankruptcy as funding deal collapses AviTrader Read the original article here
Tesla to acquire parts of insolvent German parts maker Manz Reuters Read the original article here
The parties have signed a corresponding purchase agreement, insolvency administrator Martin Mucha told the German press agency DPA. A price was not communicated. According to the report, Mucha is pleased to have successfully concluded the negotiations with Tesla, saving many jobs. The German engineering company Manz filed for insolvency in December 2024, after lenders said…
BERLIN (Reuters) – U.S. carmaker Tesla will acquire parts of the insolvent German high-tech parts maker Manz AG, including more than 300 employees at its site in Reutlingen city in the southwest, the German company said on Tuesday. The deal marks a wider presence by Tesla in Germany, where it runs a manufacturing site near…
Devyani International, a listed company, runs quick service restaurants (QSRs) such as KFC and Pizza Hut across India. The dispute traces back to October 1, 2021, when B9 Beverages Limited approached Devyani International to enhance its business presence and market growth. Following negotiations, the parties entered into several agreements, including: Brand alliance agreement – Aimed at…