Lilium Redux: Mobile Uplift Buys Subsidiaries | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Fri, Dec 27, 2024

Lilium Redux: Mobile Uplift Buys Subsidiaries

Consortium To Restructure Company, Exit Insolvency, Resume Operations

In a complete, last-minute turnaround for Lilium, Mobile Uplift Corporation, a consortium of investors from Europe and North America, announced on December 24 it has agreed to purchase the operating assets of both of Lilium’s subsidiaries, Lilium GmbH and Lilium eAircraft GmbH.

The group plans to restructure Lilium and bring it out of insolvency without debt and with its technology intact.

Mobile Uplift said the deals will close in early January and the company will rehire the workers laid off just a few days ago.

Lilium CEO Klaus Roewe said in the announcement, “We are very pleased to announce the signing of an investment agreement with a very experienced consortium of investors, which is a major breakthrough. Deal closing at the beginning of January will allow us to restart our business.”

As we reported in October, Lilium filed for insolvency, the German equivalent of bankruptcy after failing to secure emergency financing. Lilium had raised more than $1 billion from private investors before executing a reverse merger with SPAC Qell, a special purpose acquisition company that helped Lilium to raise money with an IPO in 2021.

The Munich-based company has an order book for more than 100 of its Lilium Jets, including an order of 100 units worth €1 bilion by Saudi Arabia. Several units were also sold to Volare in the UK, and had been in discussions with a Texas-based brokerage company to bring the Lilium Jet as the first-ever air taxis sold in the U.S.

FMI:  lilium.com/

Advertisement

More News

Airborne 07.11.25: New FAA Boss, New NASA Boss (Kinda), WB57s Over TX

Also: ANOTHER Illegal Drone, KidVenture Educational Activities, Record Launches, TSA v Shoes The Senate confirmed Bryan Bedford to become the next Administrator of the FAA, in a ne>[...]

Airborne-Flight Training 07.10.25: ATC School, Air Race Classic, Samson School

Also: Sully v Bedford, Embraer Scholarships, NORAD Intercepts 11, GAMA Thankful Middle Georgia State University will be joining the Federal Aviation Administration’s fight ag>[...]

Airborne Affordable Flyers 07.03.25: Sonex HW, BlackShape Gabriel, PRA Fly-In 25

Also: DarkAero Update, Electric Aircraft Symposium, Updated Instructor Guide, OSH Homebuilts Celebrate The long-awaited Sonex High Wing prototype has flown... the Sonex gang tells >[...]

Airborne-Flight Training 07.10.25: ATC School, Air Race Classic, Samson School

Also: Sully v Bedford, Embraer Scholarships, NORAD Intercepts 11, GAMA Thankful Middle Georgia State University will be joining the Federal Aviation Administration’s fight ag>[...]

Rick Kenin New Board Chair of VAI

30-Year USCG Veteran Aviator Focusing On Member Benefits The Vertical Aviation International Board of Directors announced its new leadership officers in April, and all began their >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC