Lilium

Vertical Aerospace says it has enough cash to make it into the second quarter (Q2) of 2025.

The phrase “Valley of Death” describes the stage in which startups have begun operations but don’t yet have customers, and therefore revenues.

Joby was the biggest gainer last week with a nearly 16% increase to $5.53.

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

Lilium's board turnover comes on the heels of the Bavarian state government clearing the way for a €50 million ($55 million) loan guarantee to support the AAM outfit.

Volocopter has suffered from delays and financial uncertainty. Its recent board reshuffle moves Chinese investor Geely into a central spot.

The Bavarian state government has cleared the way for a €50 million ($55 million) loan guarantee to support advanced air mobility startup Lilium.

Among air taxi OEMs, Eve Air Mobility was the only gainer, rising around 5% to $2.81.

The AAM Stock Composite soared more than 18% during the week ending Aug. 23.

Lilium has begun integration testing of the electric power system for the Lilium Jet electric vertical-takeoff-and-landing aircraft in a laboratory in Munich.

The gain paled compared to the nearly 4% gain in the S&P 500.

The 1% weekly gain in the AAM Stock Composite came during a week when the S&P 500 traded flat.

UrbanLink Air Mobility has agreed to purchase 20 EF-12 Escape electric hydrofoil vessels from Belfast, Northern Ireland-based Artemis Technologies.

Two startups join short list of companies that have unveiled full-scale prototype electric vertical-takeoff-and-landing vehicles.

The AAM Stock Composite rose by 2.7% last week, compared to a roughly 0.8% decline in the S&P 500.

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

At the same time, Honeywell’s venture capital arm has made an undisclosed investment in Electra.

Sigma has signed agreements with eVTOL developer Supernal and VoltAero.

CEO Klaus Roewe says the shift of the Lilium Jet’s first flight into early 2025 is linked to some key suppliers missing out on EASA software validation requirements.

Jens Flottau speaks with Lilium CEO Klaus Roewe to learn more about the jet's production, delays in the planned first flight, and the 100-aircraft Saudia order.

China’s EHang has signed a purchase and operation cooperation agreement with Hong Kong’s KC Smart Mobility.

The AAM Stock Composite plunged more than 12% during the week ending July 19, dragged lower by EHang.

Here is what's been happening in the industry amidst the ongoing airshow.

Lilium's expanded Power-On Aftermarket Services portfolio now offers a suite of digital tools to support future operators of its eVTOL aircraft.

Some leading air taxi startups are contemplating next steps in terms of developing better-performing aircraft for expanded mission sets in the next decade.