Lilium

Our roundup of the main aerospace and defense stories making the news this week.

Talks with investors continue, but the chances of rescuing Europe’s eVTOL leaders are diminishing.

Robinson Helicopter Company debuted in the index’s No. 8 slot, with a score of 7.5/10.

Lilium Aerospace filed for insolvency after its main investor failed to provide promised funding for the rebuilding of operations.

Our roundup of the main aerospace and defense stories making the news this week.

Excluding China, the 60 largest eVTOL startups have raked in a combined total of $13 billion since their inception.

German electric aircraft startup Lilium has suspended operations and may be forced to file for insolvency again shortly.

As updates continue to fly out from advanced air mobility startups, Aviation Week editors are joined by consultant Sergio Cecutta to cut through the noise and assess where the fledgling market is at.

The sector seems more real than ever as eVTOL-makers ramp up production of full-scale aircraft.

The divergence between the prospects of eVTOL startups in Europe and the U.S. is growing starker by the week.

Our roundup of the main aerospace and defense stories making the news this week.

Vertical said on Jan. 8 that it has completed an initial series of piloted, low-speed thrust-borne flight maneuvers.

Air taxi startups in Europe are in big trouble, calling into question the region’s future position in the growing advanced air mobility industry.

The group of investors seeking to take over electric aircraft manufacturer Lilium plans to invest more than €200 million into the insolvent company.

Mobile Uplift Corp., a consortium of European and North American investors, has agreed to acquire assets of bankrupt electric aircraft manufacturer Lilium.

Europe’s air taxi startups have fallen behind their U.S. rivals, and the gap appears to be growing.

Major events in aerospace and defense during 2024.

Market leaders are gradually ramping up production as focus shifts to the manufacture of type-conforming aircraft for use in certification flight testing.

Aerostructures supplier Latecoere has appointed Yves Yemsi as its new group chief operating officer and president of the EMEA region.

The AAM Reality Index evaluates companies’ likelihood of success in bringing an advanced air mobility aircraft to market.

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.

Germany aims to establish itself as a leading location for development and operation of drones and e-taxis. Australia also has issued an AAM strategy.

Electric vertical-takeoff-and-landing (eVTOL) air taxis have been hailed as a major breakthrough in electric aviation and urban mobility.

Lilium insists things are business as usual while the German insolvency process plays out, as it continues to pursue customer deals.

The AAM industry has endured a tough couple of years, during which capital markets have mostly dried up for all but the most bullish market leaders.