Air taxi firm Lilium shares plunge 53% after company says main subsidiaries will file for insolvency
The German company Lilium, known for its flying electric passenger drones, is experiencing financial troubles. The company’s shares plummeted after announcing that its two main subsidiaries will be filing for insolvency. Despite efforts to secure state support, including a rejected request for a 50 million euro loan from the German government, Lilium was unable to…