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German eVTOL developer Lilium (Oberpfaffenhofen) announced it filed for insolvency on February 21 after last-ditch funding options to secure its future did not materialise in time. "While talks about ...

The company behind the Lilium Jet has filed for insolvency after its funding options dried up and promises of new financing failed to materialize. Lilium Aerospace, which evolved after Lilium GmbH and ...