(FILES) German Chancellor Olaf Scholz reacts near a Lilium Jet during his visit at the International Aerospace Exhibition (ILA) in Schoenefeld, near Berlin, on June 5, 2024. The Bavarian air taxi developer Lilium says it will file for bankruptcy. In documents submitted to the US Securities and Exchange Commission (SEC) on October 24, 2024, Lilium referred to the failure to receive state funding. As a result, the company was unable to "raise sufficient additional funds to continue its business operations." It will therefore file for insolvency proceedings in self-administration "in the coming days." German economic newspaper "Handelsblatt" was the first to report on this. (Photo by RALF HIRSCHBERGER / AFP) (Photo by RALF HIRSCHBERGER/AFP via Getty Images)