Lilium

The eVTOL scene in Europe has cratered, but electric aviation hopes live on.

Joby has announced the closing of a $250 million funding tranche from its largest investor, Toyota.

Anduril has announced plans to build on its partnership with Archer by exploring market opportunities for the hybrid version of the Midnight eVTOL in the UK.

Manufacturers are retreating from their sustainable aviation projects.

TK

As European startups struggle to raise cash, Heart Aerospace moves from Sweden to Los Angeles.

German electric air taxi developer Lilium's battery supplier CustomCells has filed for insolvency.

Lilium employees were promised wages for nearly two months’ work, but those paychecks never arrived.

Our roundup of the main aerospace and defense stories making the news this week.

Talks with investors continue, but the chances of rescuing Europe’s eVTOL leaders are diminishing.

Robinson Helicopter Company debuted in the index’s No. 8 slot, with a score of 7.5/10.

Lilium Aerospace filed for insolvency after its main investor failed to provide promised funding for the rebuilding of operations.

Our roundup of the main aerospace and defense stories making the news this week.

Excluding China, the 60 largest eVTOL startups have raked in a combined total of $13 billion since their inception.

German electric aircraft startup Lilium has suspended operations and may be forced to file for insolvency again shortly.

As updates continue to fly out from advanced air mobility startups, Aviation Week editors are joined by consultant Sergio Cecutta to cut through the noise and assess where the fledgling market is at.

The sector seems more real than ever as eVTOL-makers ramp up production of full-scale aircraft.

The divergence between the prospects of eVTOL startups in Europe and the U.S. is growing starker by the week.

Our roundup of the main aerospace and defense stories making the news this week.

Vertical said on Jan. 8 that it has completed an initial series of piloted, low-speed thrust-borne flight maneuvers.

Air taxi startups in Europe are in big trouble, calling into question the region’s future position in the growing advanced air mobility industry.

The group of investors seeking to take over electric aircraft manufacturer Lilium plans to invest more than €200 million into the insolvent company.

Mobile Uplift Corp., a consortium of European and North American investors, has agreed to acquire assets of bankrupt electric aircraft manufacturer Lilium.

Europe’s air taxi startups have fallen behind their U.S. rivals, and the gap appears to be growing.

Major events in aerospace and defense during 2024.