Finance, Taxes, Insurance
German Parliament Blocks Loan Guarantee For Lilium's eVTOL Aircraft
Company's board of directors are now considering funding options
LiliumJet eVTOL aircraft
The LiliumJet has been expected to enter commercial service in 2026, with seating for four or six passengers.

Lilium’s board of directors is urgently reassessing funding options after the eVTOL aircraft developer was denied a €50 million ($54 million) loan guarantee from the German federal government. The loan was blocked by the budget committee of the German parliament in a meeting held in Berlin on Thursday.

In a 6-K filing with the Securities and Exchange Commission, Lilium reported that the loan had not been approved. The Munich-based company said it is continuing discussions with the Bavarian state government over a related loan guarantee “of at least €50 million.” Previous reports have indicated that the state loan is contingent on the federal loan being approved.

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