Lilium and Swiss firm to open new sites in France

An undated handout picture from Munich flying taxi startup Lilium shows its five-seater prototype in Munich, Germany, October, 2019. Lilium/Handout via REUTERS/File Photo

PARIS: German aviation firm Lilium and Swiss-based nickel refinery company KL1 will set up new sites in France representing a combined investment of €700mil (US$754mil), French finance minister Bruno Le Maire says.

Lilium will invest €400mil in a new factory that will create up to 850 new jobs. KL1’s new site in Blanquefort, near Bordeaux, will amount to an investment of €300mil, creating 200 new jobs, Le Maire said.