(FILES) Delegates look at The Lilium Jet, an electric vertical take-off eVTOL jet, on the company's stand on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 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 JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)