Lilium Aerospace GmbH has filed for insolvency at the Weilheim District Court. The court ordered provisional insolvency administration and appointed lawyer Dr. Robert Hänel from Anchor Rechtsanwälte as provisional insolvency administrator.
The company was originally founded to continue the development of an electric flying taxi with investor money after the insolvencies of Lilium GmbH and Lilium eAircraft GmbH. Since these funds were not made available despite repeated promises, the company was now forced to file for bankruptcy as well.
The renewed insolvency affects around 960 employees who had received new employment contracts with Lilium Aerospace after the closure of the predecessor companies. Due to a lack of financial resources, however, no salaries have been paid so far, which is why management has released the employees from their work. Business operations are currently suspended. The insolvency administrator is in contact with the employment agency to clarify the next steps. A forecast for the future of the company is currently not possible, says Dr. Hänel.
Despite the difficult situation, according to management, there is still investor interest in continuing the company. Apparently, promised funds are available, but have not yet been transferred due to technical problems. A quick solution is required to enable a possible resumption of business operations. The coming weeks are likely to be decisive for the future fate of the flying taxi developer.
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