Investors swoop in to save German flying taxi startup

Image for article Investors swoop in to save German flying taxi startup
News Source : Digital Journal

News Summary

  • A consortium of investors swooped in at the 11th hour to take over the ailing firm
  • Lilium had already filed for bankruptcy in October, and was expected to fold entirely this week
  • The startup has been developing small electric-powered jets that can take off and land vertically
The Lilium Jet has yet to make a manned test flight Copyright AFP ARNULFO FRANCOA German flying taxi startup was Tuesday saved from collapse after a consortium of investors swooped in at the 11th [+1577 chars]

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