Lilium Aerospace has filed for insolvency again after promised funding options to secure the company’s future failed to materialize.
A statement from the company confirmed that operations were ceasing. It said, “While talks about alternative solutions are still ongoing, the chance for restructuring right now is highly unlikely.
“Giving the situation, this is deeply regretful for all employees and Lilium Aerospace thanks them for their resilience and dedication.
At its peak, Lilium employed more than 1,000 people. The company was working towards the first flight tests of a full-scale version of its Jet eVTOL aircraft before it ran out of funding in October. The company had planned to construct six test aircraft to progress through to EASA certification with an entry-into-service during 2026.
An agreement with a consortium called Mobile Uplift Corporation was eventually signed on December 24, 2024 to acquire all of Lilium’s assets in Germany. The deal was expected to be closed and approved last month, but according to reports, the money needed to keep the company running has not been made available.
Although the backers of Mobile Uplift Corporation were not officially revealed, German media outlets identified the main backer as Slovakian entrepreneur and head of the battery company InoBat Marian Boček.
