Lilium’s rescuer Mobile Uplift Corporation (MUC) has made a troubled start to its acquisition of the air taxi developer after employees that transferred to the new business were told their wages ...

Lilium’s new owner Mobile Uplift Corporation (MUC) now expects to take ownership of the company’s assets by the end of the month, a slight slippage over a previous 20 January target.

German electric plane pioneer Lilium has found an investor to rescue it from insolvency and is to recall the around 750 staff it sacked last week, chief executive Karl Roewe said on Tuesday.