German eVTOL developer Lilium has filed for insolvency for the second time in under four months after a group of investors failed to provide the €200 million in funding they had pledged. The company, which recently rebranded as Lilium Aerospace, has announced that operations will now cease, mar...

Volocopter GmbH filed an application for the opening of insolvency proceedings at the Karlsruhe Local Court on 26 December 2024. The Karlsruhe Local Court began the provisional insolvency administration the following day and appointed Tobias Wahl, partner, and attorney at Anchor Rechtsanwälteges...