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The company might struggle to source badly needed funding.
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(Reuters) -The race to become the first Western air-taxi company to carry passengers lost a high-profile competitor this month when Germany's Lilium succumbed to a cash crisis, throwing a fresh ...
Lilium says that it refers to the propulsion system as a "jet" because the propellers are enclosed in nacelles. [11] The production Lilium Jet is intended to accommodate six passengers and one pilot. It is powered by 36 electric motors, six on each of the two front canards and twelve on each rear wing.
The five-seat Lilium Jet is capable of achieving a top speed of 300 km/h and targets a range of 300 km. [9] In 2017, Lilium announced plans to launch a 5-seat Lilium Jet by 2025, aimed for the air taxi service market. [10]
In parallel, Lilium reports continuing program momentum both on the commercial and technology side as the company gears up towards first manned flight of the all-electric Lilium Jet. M&A process continues as planned Following Lilium’s insolvency filing and the start of preliminary insolvency proceedings under self-administration, the M&A ...
Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos were program trading and illiquidity, both of which fueled the vicious decline for the ...
The stock market rally has started to wobble in July and market strategists believe this could be the start of the average pullback seen in bull markets. 2 charts show why the stock market sell ...