Finance, Taxes, Insurance
Lilium Announces Buy-out Deal With American and European Investors
Mobile Lift Corporation could restart work on Lilium Jet in 2025
Lilium Jet eVTOL aircraft
Work could resume on the Lilium Jet eVTOL after a consortium of North American and European investors agreed to buy the company's assets through the German insolvency process.

A group of investors from Europe and North America has agreed to acquire the operating assets of eVTOL aircraft developer Lilium. The German company announced an agreement with Mobile Lift Corporation on December 24, while also confirming reports that on December 20 it had laid off all its employees.

The identities of investors have not been disclosed, but Mobile Lift has been incorporated in Germany as a private company. It is acquiring Lilium’s two German subsidiaries through a transaction expected to close in early January.

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