Lilium BV

Lilium NV develops all-electric vertical take-off and landing jets. The firm focuses on developing an eVTOL aircraft for use in a new type of high-speed air transport system for people and goods. It uses the Lilium Jet, to offer low noise and high performance with zero operating emissions, and to accelerate the decarbonization of air travel. The company was founded on March 11, 2021 and is headquartered in Wessling, Germany.

MUNICH, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (the “Company” or “Lilium”), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), on Tuesday, October 29, 2024, announced in a Form 6-K filed with the Securities and Exchange Commission that the Company received a written notice from the staff of the Nasdaq Listing Qualifications Department (the “Staff”) on October 28, 2024, following the applications of Lilium GmbH and Lilium eAircraft GmbH, the principal operating wholly-owned German subsidiaries of Lilium (the “Subsidiaries”), for insolvency in the local court of Weilheim in Germany and self-administration proceedings pursuant to Section 270(a) of the German Insolvency Code, notifying the Company that, in accordance with Nasdaq Listing Rule 5101, the trading of the Company's Class A ordinary shares and warrants will be suspended at the opening of business on November 6, 2024, and a Form 25 Notification of Delisting will be filed with the U.S. Securities Exchange Commission (the “SEC”) to delist the Company's securities from the Nasdaq Global Select Market (“Nasdaq”).

Lilium N.V. Receives Notice of Delisting from Nasdaq

Qell Acquisition (LILM) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Qell Acquisition (LILM) Loses -82.03% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

The heavy selling pressure might have exhausted for Qell Acquisition (LILM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -81.12% in 4 Weeks, Here's Why You Should You Buy the Dip in Qell Acquisition (LILM)

German flying taxi company Lilium, once valued at over £2.5 billion, is on the brink of bankruptcy after the German government blocked crucial funding. Lilium announced it would pursue self-administration, a type of insolvency allowing it to seek buyers or additional funding, after failing to secure two £42 million loan guarantees—one from a state-owned bank and another from the Bavarian government.

German flying taxi company Lilium loses altitude after German funding block

Today, air taxi firm Lilium revealed in a U.S. regulatory filing that its two main subsidiaries will file for insolvency in the near future.

Lilium stock price plummets to penny territory as FAA green light for flying taxis can't save it from insolvency

Shares of Lilium, the electric vertical take-off and landing (eVTOL) vehicle manufacturer, plunged by more than 61% on Thursday after the company announced in a regulatory filing that its two main subsidiaries would likely file for insolvency in the coming days.

Why did Lilium's stock crash 61% — is there hope left for flying taxis?

MUNICH, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced that its principal German subsidiaries will apply for self-administration proceedings in the next few days with the competent court in Germany. This follows a lengthy and complex government approval process for a loan from KfW, which failed in the Budget Committee of the German parliament.

Lilium Board approves application for self-administration of German subsidiaries

Electric aircraft startup Lilium is shutting down after failing to raise emergency money from the German government, according to a regulatory filing.

Electric aircraft startup Lilium has run out of money

A German flying taxi startup is expected to file for bankruptcy, US market regulators said on Thursday, a week after the firm failed to gain crucial state backing.

German flying taxi startup to file for bankruptcy

German air-taxi developer Lilium said on Thursday two of its subsidiaries in the country have decided to file for insolvency following unsuccessful talks with state and federal governments to solve its cash crisis.

German air-taxi maker Lilium's units to file for insolvency, shares plunge

Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.

Air taxi firm Lilium plunges 62% after saying main subsidiaries will file for insolvency

LAS VEGAS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- With eVTOLs on the cusp of taking off commercially in the coming years, GE Aerospace is partnering with Lilium, a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), to build a solid safety foundation for this exciting new mode of travel. The two companies are bringing together their respective flight data and analytics platforms to build scalable flight data management solutions that inform the right safety standards and guidelines for eVTOL operators.

Lilium, GE Aerospace partner to deliver eVTOL flight safety

Lilium has been negotiating emergency capital financing with government officials in Germany. The firm's request to receive 50 million euros ($54 million) of state aid from the federal government was rejected.

Lilium was once a promising 'air taxi' startup worth billions. Now it's on the brink of insolvency

The company might struggle to source badly needed funding.

Why Lilium Stock Plummeted by 21% Today

MUNICH, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has completed the first systems power-on milestone of its revolutionary all-electric Lilium Jet. The successful test procedure on the first in-production Lilium Jet, MSN 1, represents a significant achievement on the path to first flight and certification. This test confirms that the aircraft is being built in accordance with Lilium's platform design and the flight systems are functioning correctly.

Lilium Powers On First Lilium Jet in Significant Milestone Towards First Flight

HOUSTON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), is today debuting the Lilium Jet, the world's first fully electric jet that can take off and land vertically, to the U.S. market. The Lilium Jet is designed and optimized for regional travel with an aerodynamic shape and ducted electric fans that prioritize efficiency and speed during forward flight. With an anticipated initial operating range of roughly 110 miles, the Lilium Jet will be capable of quickly connecting Houstonians to the broader region, with routes like Houston Hobby Airport to Galveston, Houston Spaceport to College Station, The Woodlands to Galveston, and others. Galaxy FBO's Houston-area facilities at Houston Hobby, Conroe North Houston Regional Airport, and The Woodlands Heliport will be key infrastructure for Lilium Jet operators in the Houston area.

Lilium Debuts Jet in U.S. at Houston Hobby Airport and Signs Infrastructure Partnership with Galaxy FBO

Archer Aviation

Archer Aviation (ACHR) and Lilium (LILM) are two of the most popular electric vertical takeoff and landing (EVTOL) or flying car companies. Lilium, a German company, has a market cap of over $482 million while Archer has $1.1 billion.

Archer Aviation vs Lilium: which is the better flying car stock?

MUNICH, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced changes to its Board of Directors, subject to approval at the upcoming extraordinary general meeting of shareholders (EGM) on Wednesday, September 18, 2024. The company intends to appoint Philippe Balducchi as a non-executive member of the Board, while Barry Engle and Henri Courpron, who have served as non-executive directors, do not plan to stand for re-appointment following the completion of their terms.

Lilium Welcomes Aerospace Industry Veteran Philippe Balducchi to Board of Directors

Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and Lilium Gold have agreed a settlement agreement brokered by the government of Burkina Faso for the divestment of the Boungou and Wahgnion mines. The deal will see Lilium transfer the ownership of the Boungou and Wahgnion mines to the Burkina Faso State with Endeavour to receive US$60 million cash in the three tranches made up of US$15 million upfront, US$15 million by the end of the third quarter and US$30 million by the end of 2024.

Endeavour Mining to receive US$60 million in Lilium Gold settlement

MUNICH, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has successfully completed the first phase of integration testing of the Lilium Jet's electrical power system at the company's purpose-built laboratory. The test completion represents a key milestone on the path to flight conditions approval and type-certification of the revolutionary Lilium Jet. It means that, while the first two Lilium Jets take shape on the production line, engineers are already verifying the design of the aircraft's core powertrain functionalities that will support certification according to EASA's SC-VTOL rules.

Lilium Starts Integration Testing of Lilium Jet Electrical Power System

Blade Air Mobility

Joby Aviation

The flying car industry is evolving at a rapid rate due to the integration of various technologies and funding by corporations. By 2025, the sector is expected to grow tremendously with electric vertical take-off and landing (eVTOL) vehicles as the new generation of transport.

3 Flying Cars Stocks to Buy on the Dip: August 2024

EHang Holdings Ltd - ADR

Price pullbacks are healthy for the stock market, happening at a 15% correction every other year on average. The recent market correction offers flying car stocks to watch an opportunity for the big future play.

Q3's Rising Stars: 3 Flying Car Stocks for Your Must-Watch List

MUNICH, Aug. 07, 2024 (GLOBE NEWSWIRE) -- A landmark international survey has revealed the scale of pent up demand for clean aviation, with 65 per cent of consumers across the four countries calling for change.

New landmark international study: 2-in-3 People Agree: Now Is The Time for Air Travel to Become Sustainable

Saudia Group leads the aviation industry in the MENA region with the first eVTOL jets agreement Munich, Germany--(Newsfile Corp. - August 1, 2024) - Saudia Group and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today signed a binding sales agreement for 50 Lilium Jets, with options for 50 more.

Saudia Group Signs the Largest Firm Order With Lilium to Acquire 100 eVTOL Jets

The flying cars market is gaining traction, with companies making steady progress toward making electric vertical takeoff and landing vehicles (eVTOLs) commercially available. Certifications from regulatory authorities like the FAA boost confidence in this transformative sector, presenting investors with a potential opportunity.

News for Lilium BV Stock (LILM)