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- Lilium Aerospace GmbH has filed for preliminary insolvency proceedings
- Attorney Dr. Robert Hänel from Anchor Rechtsanwälte appointed as Provisional Insolvency Administrator
- Business operations suspended for the time being after lack of investor funds
Gauting/Weilheim, February 26, 2025. Lilium Aerospace GmbH has filed for insolvency at the Weilheim Local Court. Today, the court ordered provisional insolvency administration and appointed attorney Dr. Robert Hänel from Anchor Rechtsanwälte as provisional insolvency administrator. Dr. Hänel and his team have already held several discussions with the management and other parties involved in the proceedings to get an initial overview of the situation. Lilium Aerospace GmbH was founded as a successor company of Lilium GmbH and Lilium eAircraft GmbH in order to complete the development of the battery-powered Lilium air taxi with the help of investor money after the insolvency of these two companies. As these funds have not been forthcoming despite several promises, Lilium Aerospace GmbH has now also had to file for insolvency.
Business operations suspended for the time being
According to the company, around 960 employees who have received new employment contracts in the successor company Lilium Aerospace GmbH are also affected by the new insolvency. Due to the lack of investor funds, the new company has not yet been able to pay any salaries. The management therefore recently released the employees from work. Business operations are currently suspended. The provisional insolvency administrator Dr. Robert Hänel is currently in contact with the Employment Agency regarding the further course of action. “It is still too early to make a binding statement at this time,” explains Dr. Robert Hänel.
Short-term investor talks targeted
“The initial situation with this second insolvency is complicated. According to the management, investors are still interested in a continuation solution,” Dr. Hänel continues. The promised funds are allegedly available, but the transfer has not yet been able to take place due to technical problems. In any case, the utmost urgency is required if operations are to be resumed.