Lilium Announces Buy-out Deal With American and European Investors – Dec. 24, 224, AIN
A group of European and American investors as the Mobile Lift Corporation agreed to acquire the assets of the German eVTOL aircraft developer Lilium, AIN reported. On Dec. 24 Lilium announced an agreement with Mobile Lift Corporation and confirmed on Dec. 20 it laid off all its employees. Mobile Lift is incorporated in Germany as a private company and in January it is expected to close on a transaction to acquire Lilium’s two German subsidiaries in early January. This came after the German legislature blocked an over $51 million loan guarantee for Lilium in October, spurring it to find new owners.
The post Lilium Announces Buy-out Deal With American and European Investors – Dec. 24, 224, AIN appeared first on Avionics International.
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