The CEO of Lilium says the company may have to leave Germany if it cannot secure government funding for development and certification of its Lilium Jet.
The two German air taxi companies need state support to exit a funding crisis, but party politics and risk aversion may force their sale to foreign investors.
By Joe Anselmo, Jens Flottau, Ben Goldstein, Sergio Cecutta
Investors have plowed billions of dollars into eVTOL ventures but now many are running out of cash. Listen in to hear the latest on the plight of Lilium and Volocopter.
A widening gap between the well-capitalized and poorly capitalized startups suggests that not all the publicly traded players will make it to entry into service
A vertiport network linking attractions across Rome is the first element of a vision to build out networks across Southern Europe and eventually elsewhere.
German air-taxi startup Volocopter is pressing ahead with plans to launch commercial service at the Paris Olympics next summer, despite mounting opposition.
Volocopter will be re-evaluating its plans to introduce advanced air mobility (AAM) services here after it failed to secure local “cost-sharing partners.”
