German air taxi startup Lilium plans to build a new factory in France, French Finance Minister Bruno Le Maire announced on Sunday. With an investment of 400 million euros, it is now 850 million euros. Although the exact location of the plant has not yet been determined, Le Maire’s mention of the Nouvelle Aquitaine region around Bordeaux suggested that this location is favored.
Lilium confirmed that it is currently evaluating several potential locations in France. The company emphasizes France’s advantages such as its established aerospace industry, electromobility know-how, as well as a highly skilled workforce and government support.
Lilium’s decision to expand into France comes at a time when German air taxi pioneers such as Volocopter and Lilium urgently need funding to advance their plans. Volocopter was on the verge of bankruptcy after Bavaria rejected a state loan guarantee. Lilium also recently called for more government support and secured up to $150 million from US hedge fund Yorkville Advisors.
Until now, Lilium was based in Bavaria, where the air taxis were also to be built. However, Bavaria’s rejection of state funding has affected its expansion plans. It is still unclear whether Lilium will operate its production on two tracks in the future. The discussion about “expanding the industrial presence” in France and possible government support is expected to be concluded in the next few weeks.
Lilium’s decision to expand into France could strengthen the region’s aviation industry and raise new hopes for foreign investment, especially in the context of President Macron’s efforts to attract foreign investment with the Danish economic summit.
The post Air taxis: Lilium returns to Germany appeared first on Aviation.Direct.
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