Lilium Faces Political Block to Government Loan Guarantee.
Lilium Faces Political Block to Government Loan Guarantee.

Lilium Faces Political Block to Government Loan Guarantee. Opposition to German federal government funding could block Bavarian state loans.Lilium is at risk of missing out on €100 million ($109 million) in loan guarantees from German federal and state governments. Following reports last week in Der Spiegel newspaper that the German parliament’s b...

  • Published date: 17-10-2024 12:00 AM

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Lilium Faces Political Block to Government Loan Guarantee. Opposition to German federal government funding could block Bavarian state loans.Lilium is at risk of missing out on €100 million ($109 million) in loan guarantees from German federal and state governments. Following reports last week in Der Spiegel newspaper that the German parliament’s budget committee has blocked a €50 million loan that would have released a previously agreed upon loan for the same amount from the state of Bavaria, the Munich-based company's CEO, Klaus Roewe, issued a statement addressing what he said were “misunderstandings” about the funding . Click here for full text https://www.ainonline.com/aviation-news/futureflight/2024-10-15/lilium-faces-political-block-government-loan-guarantees .
Lilium Faces Political Block to Government Loan Guarantee.
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