Lilium faces insolvency as air taxi firm struggles to raise cash

Lilium faces insolvency as air taxi firm struggles to raise cash

German company Lilium produces flying electric passenger drones. Lilium German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria. Insolvency would mark a dramatic fall for a startup once touted as Europe’s best chance at building the 21st-century equivalent of “cars” that can … Read more

Lufthansa fined record $4 million for discriminating against Jewish passengers

Lufthansa fined record  million for discriminating against Jewish passengers

Lufthansa airplanes are parked on the tarmac at Frankfurt airport, Germany. Ralph Orlowski | Reuters Germany’s flagship airline has been fined $4 million by the U.S. Department of Transportation over allegations it discriminated against a group of Jewish passengers. The regulator said Tuesday that Lufthansa had prohibited 128 people wearing traditional Orthodox Jewish clothing from … Read more

German airline Lufthansa hikes ticket fares due to environmental costs

German airline Lufthansa hikes ticket fares due to environmental costs

An Airbus A340-300 and an Airbus A 321-100 belonging to Lufthansa are parked on the airport apron. Helmut Fricke | Picture Alliance | Getty Images German airline company Lufthansa Group said Tuesday it would add an “environmental cost surcharge” to ticket prices as soon as this week, which could be as high as 72 euros … Read more

The unlikely return of the Airbus A380 superjumbo jet

The unlikely return of the Airbus A380 superjumbo jet

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Airbus ended production of its A380 double decker plane in 2021. When the pandemic grounded most of the world’s passenger planes, some thought it was the end of the massive jet. But post-pandemic, the A380 superjumbo is experiencing a comeback. CNBC explores … Read more