Electric flying
Insolvency administrator takes over at Lilium – operation rests
A successful electric aircraft would be a figurehead for German startup scene and industry alike. At the moment it looks like the vision will remain a desired painting.
The preliminary insolvency administrator has taken over the helm at the insolent electrical aircraft manufacturer Lilium. The Weilheim district court ordered the lawyer Robert Hänel, as his law firm Anchor said. The court published a corresponding message.
Hänel wants to trace the remaining of the promised millions
Hänel is now busy getting an overview of the confused location at Lilium. According to the management, investors should still be interested in continuation, as Hänel wrote. Accordingly, the money promised by the investors has been present, but the transfer to Lilium accounts has so far not been carried out due to “technical problems”.
Lilium had registered bankruptcy within a few months last week because the 200 million euros promised by an investor consortium did not collapse to save the start-up company. The Slovak entrepreneur Marian Bocek had agreed to be a main money provider, but his contribution was reportedly failed to materialize. According to an earlier report of the “Bild” newspaper, Bocek wanted to contribute 150 million euros.
Situation “complicated”, 960 employees met
“The initial situation is complicated with this second bankruptcy,” said the preliminary insolvency administrator. The business is initially discontinued, the new bankruptcy will therefore meet around 960 employees who have received no salaries.
Lilium was listed by one of the most famous German start-ups and even at the US technology agency Nasdaq. Over the years, investors made a total of 1.5 billion euros available for the development of an electric aircraft. The machine was still not ready for series production.
In autumn, Lilium had registered bankruptcy for the first time because the money was missing for the development of production. In literally last second, the investor consortium Mobile Uplift Corporation (MUC) then signed a purchase contract for the business assets of the two Lilium subsidiaries Lilium GmbH and Lilium Eaircraft on December 24th and announced 200 million euros in fresh money.
dpa
Source: Stern
