Analysis:Lilium's fall throws spotlight on air-taxi cash crunch

Q: How long will it take to read this news story?

The story "Analysis:Lilium&#039;s fall throws spotlight on air-taxi cash crunch" has 980 words across 38 sentences, which will take approximately 5 - 9 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Analysis:Lilium&#039;s fall throws spotlight on air-taxi cash crunch" was covered 2 hours ago by Channel News Asia, a news publisher based in Singapore.

Q: How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 25 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23826675</li><li>URL: https://beamstart.com/news/analysisliliums-fall-throws-spotlight-on-173253671</li></ul>

Channel News Asia Logo Channel News Asia 2h ago

Analysis:Lilium's fall throws spotlight on air-taxi cash crunch - Channel News Asia

Quick Summary:

The race to become the first Western air-taxi company to carry passengers lost a high-profile competitor this month when Germany's Lilium succumbed to a cash crisis, throwing a fresh spotlight on a major hurdle for the fledgling industry.

Analysts say eVTOL companies must consider production-only business models to cut their cash burn, and advances towards certification may bring in pre-delivery payments.

The company, which announced additional capital raising in the last few months, ended the third quarter with $710 million in cash and short-term investments.