Lilium Closes eVTOL Business as New Investment Falls Through
Lilium, the German company developing an electric vertical takeoff and landing (eVTOL) aircraft, has been forced to shut down its operations after a group of investors failed to finalize a planned takeover.
The Lilium Jet eVTOL was designed to carry four to six passengers and was initially slated to enter commercial service by the end of 2026.
The failure of the investment deal leaves the future of Lilium uncertain. The company had been facing financial challenges as it sought to bring its aircraft to market. Technical delays have also raised questions about the company’s efforts.
This news comes amid other developments in the aviation sector:
- Leonardo’s helicopter and defense divisions have boosted earnings, with revenues up 16.2% last year.
- General aviation contributes significantly to the U.S. economy, generating $339 billion.
- Pilatus increased revenues and delivered 153 aircraft in 2024.
- Eviation ‘paused’ its Alice electric aircraft program.
- FlyExclusive is set to acquire Jet.AI’s aviation assets.
- Piper Aircraft saw deliveries soar nearly 20% in 2024.
- Archer is raising capital to capitalize on military demand for VTOL aircraft.
- Charter flights in France will face higher passenger taxes.
