Overview

• A spokesman for insolvency administrator Ivo-Meinert Willrodt (Pluta) says multiple offers are in hand, with no final decision disclosed under confidentiality.
• Reporting from SZ, Business Insider and WELT points to a three-way contest involving Archer Aviation, Joby Aviation and the Netherlands-based Ambitious Air Mobility Group.
• Business Insider and WELT report that Archer’s bid was initially viewed as leading before higher offers from Joby and AAMG were submitted after the first deadline.
• AAMG has publicly proposed acquiring Lilium for €20 million with a further €250 million to restart operations, though the administrator previously sought stronger proof of funds.
• SZ cites industry sources saying Archer is chiefly interested in patents, while Joby would seek to revive and certify the Lilium Jet, with the assets’ core value seen in propulsion and IP.