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
Discrete Code As used in the Air Traffic Control Radar Beacon System (ATCRBS), any one of the 4096 selectable Mode 3/A aircraft transponder codes except those ending in zero zero; >[...]
Aero Linx: The Museum of Flight The Museum of Flight is the largest independent, non-profit air and space museum in the world! With over 175 aircraft and spacecraft, tens of thousa>[...]
From 2018 (YouTube Edition): Clarity Aloft Introduces The TSO Certified Flex Headset The newest addition to the Clarity Aloft headset range is a big departure from previous designs>[...]
“Despite this development, we strongly encourage WestJet management to work with ALPA pilot representatives to find more practical solutions for attracting and retaining skil>[...]
Pilot Stated That He Did Not Recall Any Aspects Of The Accident Sequence On April 8, 2025, about 1308 central daylight time, a PPHU Ekolot KR-030 Topaz light sport airplane, N568RD>[...]