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Archer, received its FAA Part 135 certification earlier this year. If Lilium is unable to restructure, it would be the first major eVTOL maker to cease operations.
Two years before German air taxi manufacturer Lilium promised to deliver its first two aircraft to customers, the air taxi pioneer has run out of money and may be forced to stop making them.
The company, among a handful of air-taxi makers that are seeking to upend urban travel, was staring at a cash crunch as it is still developing aircraft that is yet to receive approval to carry ...