Wed, Nov 06, 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. 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!!!
Airborne 10.28.24 is chock full of info in this Daily News Episode, Monday, October 28th, 2024... Presented by Aero-TV veteran videographer and Airborne Host Holland Lee. Holland is supported by ANN Chief Videographer Nathan Cremisino, as well as ANN CEO/Editor-In-Chief Jim Campbell. This episode covers:
- Surprise: Lilium Unable To Secure Funding, Ceases Operations
- Crew-8 Splashes Down After Months of Delays
- Eclipse Aerospace Experiments With AI in Business Aviation
- Wheels Up Acquires GrandView And Announces Fleet Transition
- Purdue Airport Granted $1.5 Mil For Earhart Terminal Construction
- iFly EFB Integrates SayWeather To Its Platform
- Daher Releases 7th Version Of ‘Me & My TBM’ App For Owners/Operators
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 tomorrow, for the next edition of "Airborne Unlimited" here on Aero-TV. Thanks for watching. See you, again, tomorrow!
© 2024, Aero-News Network, Inc., ALL Rights Reserved.
More News
“These new aircraft strengthen our ability to respond quickly, train effectively and support communities nationwide. Textron Aviation has been a steadfast supporter in helpin>[...]
From 2011 (YouTube Edition): Rugged, Legendary, STOL Twin Makes A Comeback The de Havilland Twin Otter is an airplane with a long history, and it gained a reputation as a workhorse>[...]
A Wind Gust Lifted The Right Wing And The Airplane Turned To The Left Analysis: The pilot was departing from a 2,395-ft-long by 50-ft-wide turf runway. The pilot reported that afte>[...]
Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]
Braking Action Advisories When tower controllers receive runway braking action reports which include the terms “medium," “poor," or “nil," or whenever weather con>[...]
Aero-News: Quote of the Day (12.18.25)
See All