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 ...

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

We've rounded up the best binoculars for stargazing, wildlife watching and more, to suit every budget and need. Pick up a pair to bring March's spectacular lunar eclipse even closer. Some ...

But an email on behalf of interim managing director Severin Tatarczyk sent to all staff on 14 February, seen by FlightGlobal, says, “There will be no insolvency filing today as there are still ...

Last week, it became clear that the supposed rescue of Lilium with a promised cash injection of 200 million euros was far from a done deal, and employees were still waiting for their January salaries.

FRANKFURT—German electric aircraft startup Lilium has suspended operations and may be forced to file for insolvency again shortly, several sources familiar with the situation tell Aviation Week.

Lilium Aerospace employees are still no clearer when their wages for January will be paid after another week passed under the electric air taxi developer’s new ownership. Salaries were due to be ...

There is no official list of names, and so far, MUC has only stated that some of Lilium’s existing shareholders and creditors wanted to participate. One of them is allegedly the German battery maker ...