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Electric aircraft startup Lilium ceases operations, 1,000 workers laid off
- Electric aircraft startup Lilium has ceased operations and laid off about 1,000 workers.
- Efforts to gain financing and exit insolvency failed for Lilium.
- The company had attracted backers and customers but was still years away from delivering its product.
- Lilium went public in 2021 but filed for insolvency in October.
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