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The company might struggle to source badly needed funding.
(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]
The latest nose landing gear drop test was performed in November by MA Group at its facilities in Naples, Italy, witnessed by Lilium’s Compliance Verification Engineers, and counts for certification credit of the Lilium Jet. Testing of the Lilium Jet’s ducted fan technology advanced, with several engines now built and being tested in ...
Saudia signs a binding sales agreement with Lilium GmbH to purchase 50 electric Lilium Jets, with the option to purchase 50 more. [69] 19 July During the CrowdStrike incident, 5,078 air flights around the world, amounting to 4.6% of those scheduled that day, were cancelled. [70] 22–26 July The Farnborough International Airshow was held. [71 ...
The roaring stock market rally of 2024 has finally hit a pause.. The S&P 500 and Nasdaq Composite tallied their worst one-day drops since 2022 on Wednesday and extended those losses on Thursday. ...