Thu, Nov 07, 2024
In a move that seemed to come out of left field, Lilium announced it is on the verge of insolvency and has ceased operations.
On October 24, Lilium N.V. submitted a Form 6-K filing to the SEC stating that the managing directors of its two operating subsidiaries, Lilium GmbH and Lilium eAircraft GmbH, determined that they are overindebted and will be unable to pay existing liabilities within the next few days. After a number of delays, Blue Origin’s 27th mission debuted the second human-rated vehicle for the New Shepard program, enabling expanded flight capacity to better meet what they claim to be ‘growing’ customer demand. The new crew capsule is named RSS Kármán Line. The FAA announced a new rule at NBAA-BACE that signals the highly anticipated acceptance and integration of powered lift into the FAA’s domain of aviation. The rule establishes the new category of “powered lift” aircraft which have characteristics of both helicopters and airplanes. Operations in the category include air taxi, cargo delivery, and a variety of additional operations in both urban and rural areas.
All this -- and MORE in today's episode of Airborne-NextGen!!!
Airborne-NextGen 10.29.24 is chock full of info in this Weekly News Episode, Tuesday, October 29th, 2024... Presented by Aero-TV veteran videographer and Airborne Hosts Holland Lee, Sophie Hurlock, Brianne Cross, Christopher Odom, and Laura Hutson, and is supported by ANN CEO/Editor-In-Chief Jim Campbell, and Chief Videographer Nathan Cremisino, this episode covers:
- Surprise: Lilium Unable To Secure Funding, Ceases Operations
- Blue Origin Sends New Shepard Rocket on Uncrewed Test
- New FAA Rule Establishes Category For Powered Lift Aircraft
- AURA AERO To Build Production Facility In Florida
- NATA Issues Statement On FAA’s SFAR Covering Powered Lift Aircraft
- Textron Aviation Now Provides Starlink Internet Installations
- Social Media Platforms Remove War Drone Factory Accounts
Get Comprehensive, Real-Time, 24/7 coverage of the latest aviation and aerospace stories anytime, at aero-news.net. And be sure to join us again next week for the next edition of "Airborne-NextGen" here on Aero-TV. Thanks for watching. See you, again, next week!
@2024 Aero-News Network, Inc., ALL Rights Reserved.
More News
From 2023 (YouTube Edition): A Moniker Well-Chosen Founded in 2021 by serial entrepreneur David Mayman and headquartered in New York City, Mayman Aerospace is the designer and manu>[...]
The Controller Provided The Pilot With A Low Altitude Alert And The Altimeter Setting That Was Current At The Time On October 13, 2025, at about 0815 eastern daylight time, a Socat>[...]
Outer Marker A marker beacon at or near the glideslope intercept altitude of an ILS approach. It is keyed to transmit two dashes per second on a 400 Hz tone, which is received aura>[...]
Aero Linx: Seaplane Pilots Association The Seaplane Pilots Association is the only organization in the world solely focused on representing the interests of seaplane pilots, owners>[...]
“While business aviation is fully included in the FAA’s traffic reductions, we know that our sector will continue to pursue mandatory and voluntary means to ensure we a>[...]
Classic Aero-TV: Mayman Aerospace Speeder Dazzles Oshkosh Crowds
See All