Lilium GmbH was a German aerospace company founded in 2015, known for developing the Lilium Jet, an all-electric vertical take-off and landing (eVTOL) aircraft. The company aimed to create a sustainab
le air taxi service for high-speed, regional transportation. However, after failing to secure a government loan in October 2024, the company filed for self-administered insolvency, leading to significant layoffs and its eventual collapse by February 2025.
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