Air taxi manufacturer Lilium has ceased operations due to a lack of funding. The company had previously promised to deliver its first two aircraft to customers in 2026, but was unable to secure the necessary financing. This news comes as a surprise, given Lilium's previous success and partnerships with major companies like Saudi Arabia and Volare Aviation.

Source: https://www.theverge.com/2024/10/24/24278673/lilium-air-taxi-evtol-insolvency-operations