The two German air taxi companies need state support to exit a funding crisis, but party politics and risk aversion may force their sale to foreign investors.
By Joe Anselmo, Jens Flottau, Ben Goldstein, Sergio Cecutta
Investors have plowed billions of dollars into eVTOL ventures but now many are running out of cash. Listen in to hear the latest on the plight of Lilium and Volocopter.
The AAM Stock Composite was mostly flat during the week ending April 19, as a rise in EHang’s share price offset weakness elsewhere in the unweighted index.
A widening gap between the well-capitalized and poorly capitalized startups suggests that not all the publicly traded players will make it to entry into service
Lilium has announced a partnership with leading FBO chain Atlantic Aviation to build out infrastructure to accommodate its eVTOL vehicle across the U.S.
PhilJets, a regional operator in the Philippines, has signed a deal with Lilium to set up a high-speed regional air mobility service in Southeast Asia.
The AAM Stock Composite dropped by 7% during the week ending Jan. 19, extending a losing streak that has seen the index shed nearly 19% since the year's start.
Japanese eVTOL startup SkyDrive has secured additional Series C funding through a third-party allotment of new shares to existing investor Suzuki Motor.