Lilium's new owner Mobile Uplift Corporation (MUC) now expects to take ownership of the company's assets by the end of the ...

“Deal closing at the beginning of January will allow us to restart our business,” Klaus Roewe, Lilium’s chief executive officer, said in the statement. The Munich-based company, which aims ...

The group, led by Munich-based private equity firm General Capital and its CEO Philipp Schoeller, agreed to buy Lilium’s operating assets on Dec. 24. Primary investors are a fund managed by U.S ...

The deal-signing took place at Lilium's headquarters outside Munich during a trip by Saudia executives to Germany. The value of the deal was not given. Delays in the delivery of testing equipment ...