lilium jet

Funds that would have kept the company afloat ‘have not materialized in time’ despite a previous ‘breakthrough’ in its search for an investor.

Move could result in the liquidation of the company through either the sale of individual assets or the entire business.

Company had planned to launch in South Florida, California, and Puerto Rico as soon as 2026.

The manufacturer put the aircraft’s electrical power system, comprising 30 engines within flaps on the main wing and canard, through a series of simulations and tests.

The German manufacturer will work with Groupe ADP, SEA Milan, and Skyports to build infrastructure that will accommodate its flagship Lilium Jet.

The partnership marks UrbanLink’s second in as many months, following an agreement with Ferrovial to build vertiports in Florida and the Los Angeles metro area.

For the first time, the Lilium Jet’s electric engines were taken up to full throttle, which the company says represents a key milestone toward crewed flight.

The newly formed operator is working with Ferrovial Vertiports to build a network for the manufacturer’s flagship Lilium Jet in Florida and California, including Los Angeles.

The German firm becomes the first European eVTOL manufacturer to establish a regional office in Shenzhen’s Bao’an District.

The German manufacturer partners with vertiport network operator UrbanV and its parent company, Aéroports de la Côte d’Azur, which manages several airports in the region.