Lilium

Archer Aviation secures about 300 patents covering ducted fans, propellers, engines, and more.

Greater Orlando Aviation Authority targets 2028 to launch an operational vertiport for all kinds of advanced air mobility (AAM) aircraft.

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

Manufacturer has raised an estimated $750 million in private capital from backers including Mercedes-Benz, Honeywell, and Blackrock.

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.

Advanced air mobility firms Joby Aviation, Lilium, and Electra, are among those to be featured at this year’s event in Las Vegas.

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 flag carrier of Saudi Arabia enters a binding agreement for 50 aircraft, with the option to purchase 50 more.