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Air taxi firm Lilium plunges 45% after saying main subsidiaries will file for insolvency

By CNBC   |   Oct 24, 2024 at 10:41 AM EST
Air taxi firm Lilium plunges 45% after saying main subsidiaries will file for insolvency

German aerospace startup Lilium's shares plummeted 45% as it failed to secure additional funds to sustain operations, leading to subsidiaries filing for insolvency in Germany, possibly leading to delisting from the Nasdaq.

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