Welcome to our dedicated page for Lilium N.V. news (Ticker: LILM), a resource for investors and traders seeking the latest updates and insights on Lilium N.V. stock.
Lilium N.V. (NASDAQ: LILM) is a pioneering aviation start-up headquartered in Munich, Germany, focused on revolutionizing regional air mobility. Established in 2015 by Daniel Wiegand, Sebastian Born, Patrick Nathen, and Matthias Meiner, Lilium aims to develop and manufacture the world’s first fully electric vertical take-off and landing (eVTOL) jet. The Lilium Jet, with its estimated range of up to 300 km and a top speed of 300 km/h, offers a zero-emissions, efficient, and eco-friendly solution for individual transportation.
By employing advanced technologies, Lilium has created the 7-Seater Lilium Jet, designed for high performance, low noise, and maximum capacity. This innovative aircraft is central to Lilium's mission to build a sustainable high-speed transportation network for both people and goods, liberating urban areas from traffic congestion and reducing pollution.
In recent developments, Lilium has made significant strides in its partnerships and financial milestones. The company recently secured meaningful participation from existing shareholders and insiders, which propels it closer to achieving its first manned flight of the Lilium Jet, targeted for late 2024. Additionally, Lilium has expanded its partnership with eVolare in the UK, aimed at developing a network of vertiports and operational infrastructure to support the Lilium Jet.
The company has also aligned with Luxaviation Group, leveraging Luxaviation's extensive global network of Fixed Based Operations (FBOs) to create electrified ground infrastructure for the Lilium Jet in key markets across Europe and the Middle East. This collaboration is set to enhance Lilium's operational network and advance the decarbonization of regional air transport.
Financially, Lilium continues to fortify its position with ongoing support from investors and stakeholders. The company's innovative vision and technological advancements have positioned it as a key player in the future of urban air mobility.
Products and Services:
- Lilium Jet: A fully electric VTOL jet designed for high-speed regional transport.
- Lilium Network: A developing transport network aimed at integrating the Lilium Jet into urban and regional transportation systems.
With a workforce comprising over 1,000 professionals, including approximately 500 aerospace engineers, Lilium is committed to making sustainable, high-speed air travel a reality. The company’s ongoing projects, strategic partnerships, and engineering excellence underscore its potential to transform the aviation industry.
Lilium N.V. (NASDAQ: LILM) has appointed KPMG to conduct an M&A process following the approval of insolvency filing for its German subsidiaries. The local court of Weilheim granted self-administration rights and appointed Prof. Dr. Gerrit Hölzle and Dr. Thorsten Bieg as Chief Insolvency Officers, along with Ivo-Meinert Willrodt as provisional custodian. Despite these developments, Lilium continues operations with over 1,000 employees working towards first manned flight. The company has achieved recent milestones including low-voltage power-on testing and structural testing preparations. Lilium's order pipeline includes over 780 jets. However, NASDAQ will suspend trading of Lilium's shares and warrants on November 6.
Lilium N.V. (LILM) has received notice from Nasdaq that its securities will be delisted and suspended from trading effective November 6, 2024. This action follows the insolvency filing of Lilium's principal German subsidiaries, Lilium GmbH and Lilium eAircraft GmbH, in the local court of Weilheim. The company has until November 4, 2024, to appeal Nasdaq's determination. The delisting decision was based on public interest concerns related to the subsidiaries' insolvency applications and their request for self-administration proceedings under Section 270(a) of the German Insolvency Code.
Lilium N.V. (LILM) announced that its principal German subsidiaries will apply for self-administration proceedings following the German parliament's Budget Committee's rejection of a €100 million KfW loan guarantee. The company was also unable to secure a €50 million loan guarantee from the Bavarian government. The loan was important for attracting additional private investment and maintaining market confidence. Lilium was also in discussions for a €219 million French government-guaranteed loan for a battery factory. The company had anticipated receiving pre-delivery payments and new investment following the Lilium Jet's planned first flight in early 2025, with an order pipeline of over 780 jets. The self-administration proceedings aim to preserve and continue business operations under management control with custodian supervision.
Lilium and GE Aerospace have announced a strategic partnership to enhance eVTOL flight safety standards. The collaboration combines their flight data and analytics platforms to develop scalable flight data management solutions for eVTOL operators. GE's Event Measurement System (EMS) will be integrated into Lilium's 'POWER-ON' aftermarket service, providing critical insights for Lilium Jet operators. The partnership aims to establish OEM-level Flight Data Monitoring programs and voluntary FDM options for customers. First Lilium Jet deliveries are expected in 2026, with the eVTOL market projected to reach $1 trillion by 2040 according to JP Morgan.
Lilium N.V. (NASDAQ:LILM), a pioneer in Regional Air Mobility, has achieved a significant milestone with the first systems power-on of its all-electric Lilium Jet. This test on MSN 1, the first in-production aircraft, confirms proper construction and functioning of flight systems. The power-on process involves applying 900 Volts to the aircraft, powering various systems including cockpit display, flight controls, and navigation.
MSN 1 will serve as Lilium's lab test aircraft for certification, while MSN 2, currently in final assembly, is slated for the first piloted flight in early 2025. Lilium plans to use six test aircraft for type-certification, targeting entry into service in 2026. The company has also completed the first phase of electrical integration testing at its dedicated lab, successfully testing core electrical functionalities.
Lilium (NASDAQ: LILM), a leader in electric aircraft manufacturing and Regional Air Mobility, is introducing the Lilium Jet to the U.S. market. This fully electric jet, capable of vertical takeoff and landing, is designed for regional travel with an initial operating range of about 110 miles. Galaxy FBO is partnering with Lilium to provide infrastructure at Houston-area facilities, including Houston Hobby Airport, Conroe North Houston Regional Airport, and The Woodlands Heliport.
Houston-based EMCJET has secured production slots and will be involved in the first customer deliveries starting in 2026. The Greater Houston Partnership is collaborating with Galaxy FBO and Lilium to discuss the potential of electric aviation in the region. Lilium is progressing towards FAA validation and plans to display the Lilium Jet at the 2024 NBAA Business Aviation Convention & Exhibition in Las Vegas. The company is preparing for its first piloted flight of the Lilium Jet in early 2025.
Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer, announced changes to its Board of Directors. Philippe Balducchi, currently Group CFO of KNDS, is proposed to join as a non-executive member, pending approval at the EGM on September 18, 2024. Balducchi brings extensive aerospace experience from his 20-year career at Airbus, including roles as CEO of Airbus Canada and overseeing the A220 program. Barry Engle and Henri Courpron, current non-executive directors, will not seek re-appointment. Engle, who joined in 2021, was instrumental in Lilium's NASDAQ listing and chaired the Audit Committee. Lilium Chairman Tom Enders praised Balducchi's strategic insights and experience, while acknowledging the contributions of Engle and Courpron in Lilium's growth from startup to mature aerospace company.
Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer, has completed the first phase of integration testing for the Lilium Jet's electrical power system. This milestone is important for flight conditions approval and type-certification of the aircraft. The testing was conducted in a purpose-built laboratory at Lilium's Munich headquarters, which replicates the Jet's powertrain in a controlled environment.
The lab, developed in cooperation with Italian supplier EN4, allows engineers to simulate flight profiles, run tests, and gather real-time data. It also provides a safe environment to test fault scenarios and demonstrate system robustness. This testing phase is critical for demonstrating the aircraft's safety and compliance with EASA's SC-VTOL certification requirements.
Simultaneously, Lilium is progressing with the production of the first Lilium Jets for the type-certification program. The company has already conducted extensive flight testing with its Phoenix test aircraft, achieving full transition from vertical to horizontal flight and a cruise speed of 136 knots (250 km/h).
A landmark international survey by Lilium N.V. (NASDAQ:LILM) reveals strong demand for sustainable air travel. 65% of 4,000 consumers across the US, UK, France, and Germany believe it's time for air travel to become sustainable. The study shows:
- 60% would try electric aviation
- 61% want to try eVTOL aircraft like the Lilium Jet
- 73% are concerned about traditional aviation's pollution
- 70% worry about aviation's role in climate change
Younger adults (18-34) in the US are 2.5 times more likely to prioritize sustainability in travel decisions compared to those 55+. Cost remains the top priority (54%), followed by comfort (46%) and convenience (39%). The survey also indicates that awareness of eVTOL aircraft correlates with higher enthusiasm for electric aviation's future.
Lilium N.V. (NASDAQ: LILM) and Groupe ADP have announced a partnership to develop infrastructure for the Lilium Jet in Europe, the Middle East, and Asia. Groupe ADP, which manages 23 airports globally, will make its vertiports accessible to Lilium's customers. This collaboration significantly enhances Lilium's network in France, establishing Paris as a key regional hub for Lilium Jet operators.
Groupe ADP is developing comprehensive vertiports at Paris-Charles de Gaulle and Paris-Le Bourget airports, as well as a temporary site in Paris for 2024. The partnership extends to Groupe ADP's international airports in Saudi Arabia, Turkey, and India, important for Lilium Jet operators planning to launch regional electric aviation services from 2026.
FAQ
What is the current stock price of Lilium N.V. (LILM)?
What is the market cap of Lilium N.V. (LILM)?
What is Lilium N.V.?
What is unique about the Lilium Jet?
What are Lilium's recent achievements?
Who are Lilium’s key partners?
What is the Lilium Jet used for?
How many employees does Lilium have?
What are Lilium’s main products?
Where is Lilium headquartered?
What is Lilium’s mission?
How can I get in touch with Lilium for media or investor inquiries?
