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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.