Mobile Uplift Corp., a consortium of European and North American investors, has agreed to acquire assets of bankrupt electric aircraft manufacturer Lilium.
Market leaders are gradually ramping up production as focus shifts to the manufacture of type-conforming aircraft for use in certification flight testing.
While air taxi frontrunners Joby and Archer plan to operate their own airlines in the U.S., a small handful of operators are eager to get in on the action as soon as possible.
Amid the fallout from Lilium’s filing for insolvency, attention is turning to a comparatively little-noticed aspect of the advanced air mobility industry.
Lilium has announced its decision to file for insolvency under German bankruptcy law for its two principal subsidiaries; the move did not come as a shock.
While the company has made significant progress in development and was nearing first flight of a production-standard aircraft, it has run out of time and money.
