No aid from Berlin to Lilium, manufacturer of eVtol aircraft
Goodbye (perhaps) to the hope of a 50 million financial injection for the company already in crisis
The German Government has not granted the financial support requested (and strongly hoped for) by Lilium, a Bavarian company that builds eVtol (electric Vertical Take-Off and Landing) aircraft for air taxi services. According to the German "Handelsblatt", there is no consensus among the members of the budget committee of the government parties to approve the 50 million euro guarantee requested by the company. The State of Bavaria has proposed to cover another 50 million euros, but this offer still does not compensate for the lack of federal support.
At the last meeting of the budget committee, despite the German Ministry of Transport having presented a detailed update on the state of Lilium, a final agreement was not reached. At the moment, therefore, analysts see as unlikely a future approval of further financial support, at least in the coming weeks.
The situation of Lilium, already in serious crisis, remains precarious, and many are already considering the possibility of opening bankruptcy proceedings. It should be noted, however, that no official comment has come in these hours from the company's spokesperson. The Bavarian Prime Minister Markus Söder, as reported by the German economic-financial daily "Handelsblatt", has temporarily ruled out further intervention by the regional government.
It was a bolt from the blue because the approval of the State aid by the Berlin government was almost taken for granted, given the favorable opinions (rumored but officially denied) of the Minister of Economy Robert Habeck, of the head of the Ministry of Transport Volker Wissing, and even of the Chancellor Olaf Scholz.
AVIONEWS - World Aeronautical Press Agency