{"id":105639,"date":"2024-10-31T09:24:00","date_gmt":"2024-10-31T08:24:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=105639"},"modified":"2024-10-31T13:33:18","modified_gmt":"2024-10-31T12:33:18","slug":"lilium-files-for-insolvency","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/105639\/lilium-files-for-insolvency\/","title":{"rendered":"Lilium files for bankruptcy"},"content":{"rendered":"
\n

Already last week, the Air taxi company<\/a> announced that it intends to initiate insolvency proceedings under self-administration for Lilium GmbH and Lilium eAircraft GmbH. Due to excessive indebtedness, it is no longer able to continue operations at the two operating subsidiaries. According to the Handelsblatt<\/a> This means that the jobs of over 1,000 employees are now at risk. In addition, potential investor capital of around 1.5 billion euros has been lost.<\/p>\n\n\n\n

Lilium CEO Klaus Roewe <\/strong>commented:<\/p>\n\n\n\n

\n

"We deeply regret the insolvency and its consequences for everyone involved at such a crucial stage in the development of our company. While there is no guarantee of success in insolvency proceedings, we hope that Lilium Jet will have a chance for a fresh start after the conclusion of the self-administration proceedings."<\/p>\n<\/blockquote>\n\n\n\n

Demanded state aid for Lilium failed to materialise<\/h2>\n\n\n\n

In recent months, the company went through a lengthy approval process for a KfW loan, which was rejected by the Budget Committee of the German Bundestag. The hoped-for German government support for the KfW loan was also a condition for private financing that had already been pledged. Without government assistance, this hope also evaporated.<\/p>\n\n\n\n

Roewe<\/strong> in addition:<\/p>\n\n\n\n

\n

"Our plan was to secure shareholder participation in a new financing round supported by a \u20ac100 million state loan. We had already secured additional private capital to supplement the KfW loan. However, the Budget Committee could not agree on the loan, and Bavaria could not do it alone."<\/p>\n<\/blockquote>\n\n\n\n

In one Press release<\/a> Lilium stated that it has never successfully completed a single aircraft program worldwide without government support. The French government has offered the air taxi manufacturer a loan of \u20ac219 million to finance a site in southwest France.<\/p>\n\n\n\n

Following the planned maiden flight of its jet in early 2025, the company expected upfront payments and new investments. These were intended to secure the company's financing until 2026. At that time, the company would begin delivering its current order pipeline. According to Lilium, this includes firm orders, reservations, options, and letters of intent for a total of more than 780 jets from international customers. Whether this will happen is uncertain, as the publicly traded parent company is also under considerable pressure. Currently, the share price is only in the cent range.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Now it's official: After the Munich-based startup Lilium announced that it would file for insolvency for its two main subsidiaries, the corresponding applications have been received by the Weilheim District Court. The insolvency filing followed failed attempts to obtain state aid.<\/p>","protected":false},"author":42,"featured_media":91106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[2108,2198],"acf":[],"yoast_head":"\nLilium beantragt Insolvenz - Munich Startup<\/title>\n<meta name=\"description\" content=\"Nachdem Lilium angek\u00fcndigt hatte, f\u00fcr seine beiden wichtigsten Tochtergesellschaften Insolvenz anzumelden, sind die Antr\u00e4ge eingegangen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/105639\/lilium-files-for-insolvency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lilium beantragt Insolvenz - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Nachdem Lilium angek\u00fcndigt hatte, f\u00fcr seine beiden wichtigsten Tochtergesellschaften Insolvenz anzumelden, sind die Antr\u00e4ge eingegangen.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/105639\/lilium-files-for-insolvency\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-31T08:24:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-31T12:33:18+00:00\" \/>\n<meta name=\"author\" content=\"Saskia Doll\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" 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