Lilium
$LILM (+4,41 %) the Bavarian developer of an electric air taxiis to receive a state guarantee of 50 million euros - on condition that the federal government 🇩🇪 also provides a guarantee of the same amount.

The company has been trying for some time to obtain a loan of at least 100 million euros and has threatened to leave Germany 🇩🇪 if it fails.

Lilium is developing an electrically powered vertical take-off aircraft (eVTOL) and, despite high investments and a major order from Saudi Arabia 🇸🇦, has hardly generated any sales to date.

The first manned test flights are scheduled for early 2025 planned.