Insolvent air taxi startup Lilium to be liquidated

This was reported by the German portal Gründerszene, citing several sources within the company. According to the report, only a small two-digit number of people will remain employed for the time being to support the imminent liquidation of the young company. A week ago, it still looked like the company would be rescued. Wirtschaftswoche reported…

Ngongotahā housing development on track despite developer’s woes with other liquidated company

It was revealed this week Roto Whare owes money to several Rotorua businesses, but the biggest debt of $28.2 million is to an American business, Florida-headquartered financier Quaestor Advisors LLC, of Jacksonville. Details of what Roto Whare owed were revealed in the liquidator’s first report. Among Rotorua businesses out of pocket were Metal Line Roofing,…