Lilium In Talks For French Funding With German Aid Stalled
A Lilium NV electric vertical take-off and landing aircraft.
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Lilium NV is in advanced talks with the French government for subsidies and loan guarantees in exchange for a production facility in France, offering a possible respite for the German flying taxi firm after it sought to pull in fresh funding from its home country.
The expansion would involve as much as €400 million ($431 million) in investment and could create as many as 850 new jobs in France, Lilium said in a statement on Monday. The company is studying several possible locations, including the aerospace battery production stronghold of Nouvelle Aquitaine, and expects discussions to be completed in the coming weeks, Lilium said.