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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Investors Swoop In To Save German Flying Taxi Startup

The Lilium Jet has yet to make a manned test flight. (Credit: AFP)

A German flying taxi firm was Tuesday saved from collapse after investors swooped in to take it over, in a case that has fired debate about support for the country's startup scene.

Lilium had already filed for bankruptcy in October, and was expected to fold entirely this week unless it could secure new sources of funding.

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