Lilium board approves application for self-administration of German units

Written by Emily J. Thompson, Senior Investment Analyst

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Updated: Oct 24 2024

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Lilium's Financial Struggles: Lilium N.V. plans to file for self-administration proceedings due to the failure of a crucial government-backed loan from KfW, which was essential for securing additional private investment and maintaining market confidence.
Future Prospects and Orders: Despite current challenges, Lilium anticipates receiving pre-delivery payments and new investments following the planned first flight of the Lilium Jet in early 2025, with over 780 jets ordered across various global markets.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Lilium board approves application for self-administration of German units

About the author

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