Lilium “is apparently considering a sale to foreign investors and a relocation abroad,” according to the German news publication Handelsblatt. “According to information from Handelsblatt, the management team around CEO Klaus Roewe commissioned consultants in July to find investors for a possible sale. A Lilium spokesperson declined to comment on the information when asked,” said the report.
“At the same time, former Airbus boss Tom Enders, in his role as chairman of Lilium’s supervisory board, is said to be planning trips to China and then to the USA at the beginning of September. Here too, the aim is to establish contacts with potential investors.”
“The German government and the state of Bavaria commissioned the state development bank KfW to conduct a due diligence review,” according to ElectricDrive. “It is still ongoing. Depending on the outcome, Lilium could receive state guarantees as collateral for a KfW loan, the amount of which has yet to be determined. According to earlier statements, Lilium hopes for a loan volume of at least 100 million euros.
“We don’t comment on media speculation,” said the company when asked about the reports by Urban Air Mobility News. “The key question is whether Bavaria and Germany, like the US, China and France, are prepared to promote the electrification of aviation and create reasonably comparable competitive conditions.”’
For more information
https://www.handelsblatt.com/unternehmen/handel-konsumgueter/luftfahrt-lilium-prueft-verkauf-und-umzug-ins-ausland/100061124.html
eVTOL developer Lilium could reportedly leave Germany – electrive.com
