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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 original
Manufacturer Unveils 3rd Generation of Light Jets
Textron Aviation unveiled its third generation of light jets this past week, starting just a day before the National Business Aviation Association’s annual Convention & Exhibition (NBAA-BACE) kicked off in Las Vegas. These jets are the Cessna Citation M2 Gen3, CJ3 Gen3, and CJ4 Gen3. The eight-seat M2 Gen 3 has a maximum range of 1,550 nm and supports payloads up to 1,510 lbs. It serves as an entry-level jet with several comfort and productivity upgrades, like wireless charging, USB-A and USB-C ports at each seat, and a slightly expanded cockpit.
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