German air-taxi maker Lilium hires KPMG to explore M&A options
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An electrically powered vertical take-off and landing aircraft (eVTOL), which can carry up to 6 passengers, from the German aviation company Lilium is being built in a factory hall in Gauting, Germany, October 14, 2024. REUTERS/Angelika Warmuth/File Photo
(Reuters) - German air-taxi maker Lilium, which is set to file for insolvency after running into a cash crisis, said on Tuesday it had hired consultancy KPMG to explore merger and acquisition options.
The move to explore options comes after a court granted Lilium's application for self administration, the company said.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Shounak Dasgupta)
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