Lilium Aerospace has filed for insolvency again after promised funding options to secure the company’s future failed to materialize.
A statement from the company confirmed that operations were ceasing. It said, “While talks about alternative solutions are still ongoing, the chance for restructuring right now is highly unlikely.
“Giving the situation, this is deeply regretful for all employees and Lilium Aerospace thanks them for their resilience and dedication.
At its peak, Lilium employed more than 1,000 people. The company was working towards the first flight tests of a full-scale version of its Jet eVTOL aircraft before it ran out of funding in October. The company had planned to construct six test aircraft to…
