Shares of European flying car company Lilium (NASDAQ: LILM) surged 19.8% through 10:40 a.m. ET on Thursday after revealing it is in talks to form a strategic partnership with airline Lufthansa. Investors are piling into the stock, in part because this is the second straight day of good news out of Lilium. Just yesterday, the company announced that it has officially begun production of its Lilium Jet, an all-electric vertical take-off and landing (eVTOL) air taxi.
Deutsche Lufthansa AG ( ETR:LHA ) shareholders should be happy to see the share price up 16% in the last month. But...
The UK advertising watchdog has banned adverts by three airlines as part of a crackdown on companies overstating their environmental credentials. The Advertising Standards Authority said on Wednesday that recent adverts on Google by Air France, Lufthansa and Etihad had breached the UK’s advertising code by “giving a misleading impression of the advertiser’s environmental impact”. Among a string of recent enforcement actions on environmental grounds, the ASA earlier this year banned adverts by a group of oil and gas companies.