Would-be electric air taxi developer Lilium Aerospace appears to have won a stay of execution and has postponed filing for insolvency on the promise that desperately needed investment will arrive next week.
The Munich-based company had warned staff on 13 February that it would be forced to apply for insolvency within 24h if it had not received funding from its backers.
But an email on behalf of interim managing director Severin Tatarczyk sent to all staff on 14 February, seen by FlightGlobal, says, “There will be no insolvency filing today as there are still possible ways forward”.
It is not clear what potential avenues Lilium Aerospace is exploring but options include securing a bridging loan.
“As soon as there is more…
