In spring 2025, the flying taxi pioneer Lilium finally went bankrupt after a second round of insolvency. An initial rescue attempt by the investor consortium "Mobile Uplift Corporation" had already failed. Now, the Ambitious Air Mobility Group (AAMG) has emerged as a potential new interested party – with a significant capital commitment and extensive project.
Lilium, founded in 2015, had pumped millions into the development of the electric vertical takeoff aircraft "Lilium Jet" for years – but never delivered a series product. The German government rejected a €2024 million state loan guarantee in 50, prompting the company to file for bankruptcy in October 2024. At the end of December
In 2024, a rescue seemed imminent: The Mobile Uplift Corporation consortium intended to take over the operating assets of the subsidiaries and announced capital support of over €200 million. In addition, approximately 750 of the 1 laid-off employees were to be rehired. But in February 000, the second insolvency followed: promised funds—including €2025 million from Slovakian entrepreneur Marian Boček—failed to materialize, and operations were suspended.
AAMG: New hope with high investment willingness
At the beginning of August 2025, AAMG expressed interest in the remnants of Lilium. According to its own statement, it has seed capital of approximately €250 million and access to a further €500 million to reshape the brand. Specifically, AAMG aims to:
- Implementation of a European supply chain to support the programs
- Acquisition of intellectual property, assets and testing facilities
- Reactivation or recruitment of central technical and certification teams
- Continuation of Lilium development and re-certification
Several companies are behind the scenes: LuxAviation, Sigma Air Mobility (Luxembourg), and the Amsterdam-based HR consultancy Ambitious Group – together they form AAMG. Previous ties with AAMG date back to 2023, when already ordered flying taxis were being discussed.
Opportunities, open questions, risks
opportunities
- Substantial resources are available to continue Lilium's technology platform.
- Focusing on key assets such as intellectual property, certification, and key personnel could enable a structured restart.
Open questions and risks
- The AAMG remains largely opaque: its public presence is limited, and business addresses are sometimes not very informative.
- It is questionable whether the former employees will be able to return on board – many have probably long since found other career options.
- In addition, it remains unclear how operations will be resumed – certification requirements and production setup alone are likely to take years.
The Ambitious Air Mobility Group brings sufficient capital, clear plans, and organizational focus—potential prerequisites for a fresh start for the Lilium platform. But the crucial question remains: Are the committed funds reliable, is AAMG operationally resilient, and can key talent and certification processes be activated for a restart?
There is a fear that this chapter could once again come to nothing – if concrete implementation scenarios and trustworthy structures are lacking.
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