Lilium, once a darling in the nascent industry of electric aircraft that raised more than $1 billion before going public, has ceased operations and laid off about 1,000 workers after efforts to gain financing and exit insolvency failed.
https://techcrunch.com/2024/12/23/electric-aircraft-startup-lilium-ceases-operations-1000-workers-laid-off/
Right, so as expected, the dream team of Frank Thelan, Daniel Wiegand, with a seasoning of the more arrogant and untalented Rolls-Royce and Airbus seniors utterly failed to overcome the problems posed by high school physics. Not surprising.
But now they have been "rescued".
Googling a little reveals the rescuers are extremely dubious and have zero interest or knowledge in aerospace