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Air taxi firm Lilium plunges 62% after saying main subsidiaries will file for insolvency

Pelican Press

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Air taxi firm Lilium plunges 62% after saying main subsidiaries will file for insolvency

******* company Lilium produces flying electric passenger drones.

Lilium

Shares of Lilium tanked Thursday after the air taxi firm 

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 that its two main subsidiaries plan on filing for insolvency in the coming days.

The aerospace startup’s shares plunged more than 63% on the back of the filing.

This is a breaking news story and will be updated shortly.



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#Air #taxi #firm #Lilium #plunges #main #subsidiaries #file #insolvency

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