According to a report in the German Manager Magazin, the first class action lawsuit against Lilium has been filed overseas. It is said to have been filed in the New York District Court at the ...

Local court approved insolvency filings of Lilium’s German subsidiaries and appoints custodian and Chief Insolvency Officers (CIOs) The Lilium business remains fully focused on re-emerging ...

Lilium N.V.,(Nasdaq: LILM) a developer of electric aircraft for Regional Air Mobility (RAM), recently announced it has engaged KPMG to oversee a structured and open M&A process. The Local Court of ...

Broadway’s original Anastasia, Christy Altomare, was among the guests at a buzzy opening night of the new production of ...

Nov 4 (Reuters) - German air-taxi maker Lilium (5KD.F), opens new tab said on Monday it would file for insolvency "soon", after efforts to solve its cash-crisis failed to yield results.

The race to become the first Western air-taxi company to carry passengers lost a high-profile competitor this month when Germany's Lilium succumbed to a cash crisis, throwing a fresh spotlight on ...

The all-electric Lilium Jet, a vertical takeoff and landing (VTOL) design being developed by German manufacturer Lilium, may need to find new life elsewhere. Lilium on Tuesday enlisted accounting ...

Lilium has appointed accountancy firm KPMG to sell the business, as the cash-strapped air taxi developer seeks new investment. Bavaria, Germany-based Lilium says the first investor briefings under ...

Lilium (NASDAQ:LILM) has tapped KPMG to conduct a structured M&A process, as the cash-strapped air-taxi maker looks to re-emerge following restructuring. KPMG has been appointed to conduct an open ...

It welcomed Bavaria’s decision, saying it would start the necessary steps to foot its end of the bill. This comes as there have been reports that Lilium, which is currently based in Munich, is looking ...