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Fickle Wall Street: Publicly traded drone, AAM companies grapple with stock delisting warnings

drone aam wall street

Like most successful startups that preceded them, many drone companies – and above all, the advanced air mobility (AAM) aircraft developers first inspired by UAVs – factored in stock flotations as an essential source of their financing (and possibly self-perceptions as leading sector forces). Now, however, some are finding being traded on Wall Street can generate as much distraction and drag as it has capital to soar from.

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Lilium adds FAA eVTOL basis of certification approval to earlier EU air taxi spec authorization

Lilium air taxi eVTOL

German electric vertical takeoff and landing (eVTOL) manufacturer Lilium announced it has received approval from the Federal Aviation Administration (FAA) for its proposed basis of air taxi certification, making it what the company says is the first power-lift aircraft developer to obtain that all-clear by both US and European Union regulators.

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Cash-tight Lilium fetes eVTOL deals with upper-crust AAM clients

Lilium AAM eVTOL

German advanced air mobility (AAM) plane developer Lilium has announced a pair of business developments that – while not eliminating the financial pinches the company has faced of late – offers new signs that its cutting-edge electric takeoff and landing (eVTOL) aircraft are finding eager buyers needed to assure the company’s success.

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Air taxi maker Lilium faces funding pinch in crowded AAM sector

Lilium AAM air taxi

All startups developing next generation air taxis and longer distance advanced air mobility (AAM) aircraft face a wide range of technical, engineering, and production challenges as they guide planes toward certification, but German company Liliumnow finds itself wrestling with increasingly tight financial reserves that better funded rivals do not.

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Lilium’s annual 400 eVTOL air taxi production goal seeks new funding

Lilium eVTOL air taxi

This is shaping up to be a busy and auspicious week for electric takeoff and landing (eVTOL) air taxi developer Lilium. Just days after the German company hailed the success of its Phoenix 2 prototype’s first full transition flight, its boss announced a search for new funding to enable what he said would be initial production targets of 400 craft each year.

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Lilium seeks to lure private jet owners to eVTOL acquisitions

Lilium air taxi

Future urban air mobility aircraft won’t simply be used for (relatively) affordable, carbon-free public transport like air taxis and other forms of aerial ride-sharing. Now next-generation craft developer Lilium is also looking to market its electric takeoff and landing (eVTOL) jet to the well-heeled elite as inner and inter-city supplements to their globe-spanning private planes.

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