Top Midday Decliners
Lilium's German Subsidiaries to File for Insolvency Following Failure to Gain Government Funding
The funding chain broke, and the German flying taxi company (LILM.US) filed for bankruptcy.
German flying taxi company Lilium NV (LILM.US) stated in a document that its two main subsidiaries will file for bankruptcy in the coming days.
Lilium: Directly Impacted by the Filing Are Lilium GmbH and Lilium EAircraft GmbH >LILM
Lilium: Move Follows Government Approval Process for Loan From KfW, Which Failed in the Budget Committee of the German Parliament >LILM
Lilium Says Principal German Subsidiaries Will Apply For Self-Administration Proceedings In Next Few Days With Competent Court In Germany; Proceedings Driven By Insolvency At Lilium Subsidiaries In Germany
Lilium Board Approves Application for Self-administration of German Subsidiaries
Electric Aircraft Startup Lilium Has Run Out of Money
Lilium (NASDAQ:LILM) Nosedives on Insolvency News
Air-Taxi Firm Lilium's Stock Nosedives On Insolvency Warning: Retail Mood Darkens
Prominent eVTOL company Lilium's stock price plunges 55%, its main subsidiary will apply for bankruptcy.
1. Lilium's stock price plummeted by over 55%, the company announced earlier that its two main subsidiaries will apply for bankruptcy in the coming days; 2. The heads of these subsidiaries confirmed they are "over-indebted" and will be unable to pay their debts due in the next few days.
Lilium (LILM.US), a subsidiary of Lilium air taxi, will file for bankruptcy, causing the stock price to drop by nearly 60%.
Air taxi company Lilium (LILM.US) stated in a document that its two main subsidiaries plan to file for bankruptcy in the coming days, causing the company's stock price to plummet by about 58%. In a filing with the US regulatory agencies, Lilium stated that it is unable to raise enough additional funds to continue operating its two main subsidiaries, Lilium GmbH and Lilium eAircraft GmbH. The subsidiaries have excessive debt and may not be able to pay their existing debts in the coming days. The American aviation regulatory agency released its final safety regulations this week for the emerging air taxi industry.
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German Flying Taxi Firm Lilium May File for Insolvency in Days
Lilium Faces Insolvency Challenges Amid Financial Struggles
GE Aerospace, Lilium to Collaborate on EVTOL Flight Safety
GE Aerospace Is Partnering With Lilium To Inform EVTOL Flight Safety Standards
Lilium, GE Aerospace Partner For EVTOL Flight Safety; To Combine Flight Data And Analytics Platforms To Inform EVTOL Flight Safety Standards
Express News | Lilium NV: First Customer Deliveries of Lilium Jet Are Expected in 2026
Lilium Was Once a Promising 'Air Taxi' Startup Worth Billions. Now It's on the Brink of Insolvency