Follows German parliament´s Budget Committee not approving a loan guarantee that was a condition precedent to a private fundraise
Company was also unable to reach an agreement in principle with Bavarian government to guarantee a €50 million loan
Application for self-administration proceedings driven by insolvency at Lilium subsidiaries in Germany

The Honorable John Goglia, president of the Aerospace Maintenance Council and former National Transportation Safety Board member, is announced as one of six inductees in the 2025 class of the National Aviation Hall of Fame.

The National League of Cities (NLC) launches a national Aviation Advisory Forum on Air Mobility and Drone Integration. The Aviation Advisory Forum will bring together local government leaders to provide timely and strategic advice to the federal government and aviation industry on efforts to integrate advanced air mobility (AAM) like air taxis and drones into U.S. airspace and communities across the country. Mayor Buddy Dyer of Orlando, FL, and Mayor Lilly Wu of Wichita, KS, will serve as co-chairs.

Embraer announces the expansion of its maintenance, repair and overhaul (MRO) services network in a new partnership with Gama Aviation. The MRO located in Bournemouth, UK, will be part of the Embraer Authorized Service Center network.

Universal Avionics (UA) introduces a new and improved level of safety with augmented reality (AR), leveraging AI processing across product lines to enhance situational awareness and efficiency for flight operations. Universal’s newest Aperture solution intelligently fuses real-time video analysis from multiple cameras and AI-powered insights, integrated with ADS-B information, audio assistance, and other sensors, to provide a comprehensive image with visual instructions displayed directly to cockpit and head-up displays.

Collins Aerospace, an RTX (NYSE: RTX) business, is expanding its executive aircraft seating facility in Medley, FL. The $2 million investment doubles the facility’s upholstery production floor space to 30,000 square feet and adds state-of-the-art machining equipment that improves production efficiencies, enhances capabilities and reduces material waste.

Supernal LLC — Hyundai Motor Group’s (HMG) advanced air mobility (AAM) company — and Clay Lacy Aviation announce a partnership at 2024 NBAA-BACE to prepare Clay Lacy’s fixed-base operator (FBO) locations for electric vertical and take-off landing (eVTOL) operations. This marks Supernal’s first official FBO partnership, which will benefit future operators of the company’s eVTOL vehicles.

Precision Aviation Group, Inc. (PAG), a provider of maintenance, repair and overhaul (MRO) and value-added services to the global aerospace and defense industries, acquires ICON Aerospace (ICON) and TAG Aero (TAG). These strategic acquisitions significantly enhance PAG’s avionics and engine services capabilities while broadening its product offerings for the airline market.

PS Engineering finds a way to fill a space the market has neglected — legacy jet audio systems — and introduces the PAC37, the only truly direct plug-and-play replacement for many of the Baker series 1045 analog audio panels.

The National Business Aviation Association (NBAA) announces it will bestow its 2024 Dr. Tony Kern Professionalism in Aviation Award to 13 individuals who continually demonstrate outstanding professionalism and leadership that drives business-aviation safety. The peer-nominated award recognizes individual pilots, maintenance technicians, flight attendants, dispatchers and other aviation professionals who excel in leadership in the areas of professional ethics, vocational excellence, continuous improvement, professional engagement, professional image and selflessness.