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
Fuel Remaining A phrase used by either pilots or controllers when relating to the fuel remaining on board until actual fuel exhaustion. When transmitting such information in respon>[...]
Aero Linx: Piper Aviation Museum Preserving the history and legacy of the Piper Aircraft Corporation and its founding family. In the past three years, the Piper Aviation Museum has>[...]
Klyde Has No Patience... FMI: www.klydemorris.com>[...]
Also: Tentative AirVenture Airshow Lineup, Supersonic Flight Regs, Private Pilot Oral Exam Guide, Boeing Deal The sport aircraft business can be a tough one... especially when Moth>[...]
Also: FedEx Pilots, Army Restructuring, Alaska ANG, Incentive for ATC Hiring EAA Chapter 534 in Leesburg, Florida announced that the 2025 Ray Aviation Scholarship winner is Abdiel >[...]
ANN's Daily Aero-Term (05.19.25): Fuel Remaining
See All