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Air taxi maker Lilium is out of money and will cease operations

Lilium is at risk of never vertically taking off again.

Lilium had previously confirmed it had begun assembling its first two all-electric vertical take-off and landing (eVTOL) aircraft in Germany, while working towards certification from the EASA and FAA, but its first customer deliveries weren’t slated until 2026. But Lilium apparently could not secure enough funding in the long run, and says it failed to get a 50 million Euro loan guaranteed by the State of Bavaria. Now, Lilium faces the reality of losing control of its air taxi subsidiaries, although it’s always possible someone can swoop in and buy them before they’re too late to save.

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