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. The four astronauts from NASA’s SpaceX-based Crew-8 mission successfully returned to earth at around 3:30 am on October 25. Their stay on the International Space Station lasted eight months; 55 days longer than originally planned. Crew-8 launched from Florida’s Kennedy Space Center on March 3 with NASA astronauts Matthew Dominick, Michael Barratt, and Jeanette Epps along with Roscosmos Cosmonaut Alexander Grebenkin. Eclipse Aerospace recently took Daedalean AI visual awareness systems for a trial run. The company aims to use AI to improve flight safety and reduce pilot workload through traffic detection, landing guidance, and runway incursion avoidance. All this -- and MORE in today's episode of Airborne-Unlimited!!!

Also: Wheels Up Acquires GrandView, Purdue Grant, iFly EFB/SayWeather, ‘Me & My TBM’ App

 

 

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. The four astronauts from NASA’s SpaceX-based Crew-8 mission successfully returned to earth at around 3:30 am on October 25. Their stay on the International Space Station lasted eight months; 55 days longer than originally planned. Crew-8 launched from Florida’s Kennedy Space Center on March 3 with NASA astronauts Matthew Dominick, Michael Barratt, and Jeanette Epps along with Roscosmos Cosmonaut Alexander Grebenkin. Eclipse Aerospace recently took Daedalean AI visual awareness systems for a trial run. The company aims to use AI to improve flight safety and reduce pilot workload through traffic detection, landing guidance, and runway incursion avoidance. All this -- and MORE in today's episode of Airborne-Unlimited!!!

 

 

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