A German flying taxi startup was Tuesday saved from collapse after a consortium of investors swooped in at the 11th hour to take over the ailing firm. Lilium had already filed for bankruptcy in ...

The acquisition of Volocopter by Zhejiang Wanfeng Auto Wheel Co for a knock-down price will fuel debate about Germany’s ...

A German flying taxi start-up said on Friday it would halt operations after a deal to rescue it fell through, the latest turbulence to hit the sector. Lilium is among firms that have been ...

On 24 December, German flying taxi manufacturer Lilium announced that it had signed an asset purchase agreement with Mobile Uplift Corporation, a company set up by a consortium of European and North ...

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and therefore operations will be stopped,” Lilium said in a statement shared with FLYING. “Giving [sic] the situation, this is deeply regretful for all employees, and Lilium Aerospace thanks ...