Air taxi firm Lilium plunges 62% after saying main subsidiaries will file for insolvency

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German institution Lilium produces flying electrical rider drones.

Lilium

Shares of Lilium tanked Thursday aft the aerial taxi firm said successful a filing that its 2 main subsidiaries program connected filing for insolvency in the coming days.

The aerospace startup's shares plunged much than 63% connected the backmost of the filing.

This is simply a breaking quality communicative and volition beryllium updated shortly.

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