Europe's Flying Taxi Ventures Encounter Financial Hurdles

🚕Europe's Flying Taxi Industry Faces Financial Turbulence Europe’s flying taxi ambitions have hit a snag as funding shortages stall major projects. German companies Volocopter and Lilium are struggling to secure the investments needed to continue operations, with Lilium recently entering insolvency proceedings. Despite setbacks, Vertical Aerospace in the UK and Airbus remain hopeful, with Airbus’s CityAirbus NextGen project reportedly progressing steadily. However, concerns over pilot costs, battery maintenance, and profitability continue to challenge the sector. INSIDER | UK