Finance, Taxes, Insurance
AAMG Edges Closer to Buying Lilium's eVTOL Assets and IP
Electric aircraft maker Vaeridion is already buying Lilium's battery facility
Lilium eVTOL aircraft factory
Some of the assets of the insolvent eVTOL aircraft manufacturer Lilium are now set to be acquired.

Plans for the redistribution of various assets owned by insolvent eVTOL aircraft developer Lilium moved forward this week. On September 18, the Advanced Air Mobility Group (AAMG) confirmed that after weeks of stalemate it has made some progress in agreeing terms with the German company’s administrator.

According to Netherlands-based AAMG, it has concluded a trust agreement with the administrator and has also received a draft asset purchase agreement, including details of assets that could be included in the transition. The company’s statement did not confirm what these assets are, but has previously indicated they could include items such as test facilities at Lilium’s former headquarters at Oberpfaffenhofen Airport near Munich, as well as some intellectual property.

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