Lilium
$LILM developer of air cabs, has filed for insolvency in self-administration and is now looking for investors.
The company has KPMG with the implementation of an M&A process and initial talks with potential buyers are to begin soon. Lilium is working on an electric vertical take-off aircraft for up to seven passengers and plans to fly routes of up to 2.000 kilometers in the future.
CEO Klaus Roewe will remain in office during the restructuring. -Handelsblatt
Photo: Lilium