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Air taxi firm Lilium plunges 62% after saying main subsidiaries will file for insolvency
German company Lilium produces flying electric passenger drones.
Lilium
Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.
The aerospace startup’s shares plunged more than 63% on the back of the filing.
This is a breaking news story and will be updated shortly.
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