Some Lilium Staff Recalled to Work on eVTOL With Buy-Out Set to Close | Aviation International News

Finance, Taxes, Insurance

Some Lilium Staff Recalled to Work With Buy-Out Set to Close

Insolvent German subsidiaries now trading as Lilium Aerospace

Lilium flight check — Some staff at Lilium's German subsidiaries have resumed work as efforts to take the eVTOL aircraft developer out of insolvency are set to conclude by January 31. © Lilium

By Charles Alcock • Managing Editor

January 24, 2025

Some employees of eVTOL aircraft developer Lilium have been recalled to work as the prospective new owners of the group’s German assets prepare to complete a takeover intended to rescue it from bankruptcy. With the transfer of ownership for these assets now expected to be complete by January 31, the group of new investors formerly operating as MUC Mobile Uplift Corporation has been renamed Lilium Aerospace.

A spokesman for Lilium Aerospace said an expanded group of investors, that now include German start-up backers Jens Beckers, Christian Reber and Frank Thelen, have committed more than €200 million ($210 million) for a notarized financing round. “The investor consortium is working intensively to ensure that operations can be resumed as soon as possible and that the delay in bring the Lilium Jet to market caused by the insolvency is kept to a minimum,” the newly incorporated company said in a written statement.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

Become a Member

Already a member? Sign In

Lilium

Argus: North America Bizav Flying Up as Demand Softens

Europe posts second consecutive year-over-year decline

Finance, Taxes, Insurance

NetJets, FlightSafety Revenue Rises in First-half 2026

Pre-tax earnings for service group climb 20.6%

Finance, Taxes, Insurance

Embraer phenom 300 in flight

Ampaire Raises $19 Million for Hybrid-electric Airplanes

Financing supports Eco Caravan certification and hybrid-electric APU development

Finance, Taxes, Insurance

Ampaire Eco Caravan and Electric EEL

Moody's Upgrades Bombardier as Balance Sheet Improves

Moody's assigned a Ba2 credit rating, up from Ba3, while maintaining a positive outlook

Finance, Taxes, Insurance

Bombardier Global 8000

PlaneWX Pilots Save with 5X5 Insurance Safety Rewards

Decision support system helps pilots assess risks up to 14 days ahead of planned flight

Finance, Taxes, Insurance

Mark Wolfgang, founder of PlaneWX

Beta Is Turning Its eVTOL Competitors into Customers

Component sales boosted Beta’s second-quarter revenue

Finance, Taxes, Insurance

Two Beta Technologies Alia CX300 electric aircraft fly over an airport at sunrise while an Alia A250 electric vertical takeoff and landing aircraft is parked on the tarmac below.

Vertical Extends Cash Runway with Fresh eVTOL Funding

UK group says it will complete Valo eVTOL’s critical design review this year

Finance, Taxes, Insurance

Vertical Aerospace at Farnborough air show

IADA Panel: Financing Has Evolved Beyond a Buying Tool

Buyers urged to seek guidance, consider financing before finding an aircraft

Finance, Taxes, Insurance

A business jet parked on a ramp at dusk