The Los Angeles Post
U.S. World Business Lifestyle
Today: March 22, 2025
Today: March 22, 2025

German air-taxi maker Lilium hires KPMG to explore M&A options

German aviation company Lilium hopes to secure government loan
November 05, 2024
Reuters - Reuters

(Reuters) - German air-taxi maker Lilium, which is set to file for insolvency after running into a cash crisis, said on Tuesday it had hired consultancy KPMG to explore merger and acquisition options.

The move to explore options comes after a court granted Lilium's application for self administration, the company said.

(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Shounak Dasgupta)

Related Articles

Googleโ€™s EMEA boss to leave company after a decade in post Titanic builder Harland & Wolff appoints administrators, to cut jobs US FDA approves AstraZeneca's self-administered nasal spray flu vaccine The 163-year-old company that built the Titanic says it is insolvent
Share This

Popular

Business|Europe|Travel|World

Flights resume at London Heathrow after a daylong closure sparked travel chaos around the world

Flights resume at London Heathrow after a daylong closure sparked travel chaos around the world
Business|Europe|Travel

Heathrow resumes operations as global airlines scramble after shutdown

Heathrow resumes operations as global airlines scramble after shutdown
Business|Celebrity|Sports

George Foreman, the fearsome heavyweight who became a beloved champion, dies at 76

George Foreman, the fearsome heavyweight who became a beloved champion, dies at 76
Business|Science|Technology

Former Cruise CEO Vogt's robotics startup valued at $2 billion in new funding, sources say

Former Cruise CEO Vogt's robotics startup valued at $2 billion in new funding, sources say

Europe

Europe|Travel

Global travel is disrupted by Heathrowโ€™s closure. Hereโ€™s what we know

Global travel is disrupted by Heathrowโ€™s closure. Hereโ€™s what we know
Europe|Health|Political|World

A weak Pope Francis is wielding power and rewriting the narrative of how popes exercise authority

A weak Pope Francis is wielding power and rewriting the narrative of how popes exercise authority
Europe|Health|World

Pope Francis must relearn to speak after oxygen therapy, cardinal says

Pope Francis must relearn to speak after oxygen therapy, cardinal says
Business|Economy|Europe|Travel

Heathrow shutdown raises concerns over contingency planning

Heathrow shutdown raises concerns over contingency planning

Access this article for free.

Already have an account? Sign In