Lilium partners with leading global airport operator Groupe ADP to expand infrastructure network for the Lilium Jet
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.
Lilium N.V. (NASDAQ: LILM) e Groupe ADP hanno annunciato una partnership per lo sviluppo dell'infrastruttura per il Lilium Jet in Europa, Medio Oriente e Asia. Groupe ADP, che gestisce 23 aeroporti a livello globale, renderà i suoi vertiporti accessibili ai clienti di Lilium. Questa collaborazione potenzia significativamente la rete di Lilium in Francia, stabilendo Parigi come un hub regionale chiave per gli operatori del Lilium Jet.
Groupe ADP sta sviluppando vertiporti completi presso gli aeroporti di Parigi-Charles de Gaulle e Parigi-Le Bourget, oltre a una sede temporanea a Parigi per il 2024. La partnership si estende agli aeroporti internazionali di Groupe ADP in Arabia Saudita, Turchia e India, importanti per gli operatori del Lilium Jet che pianificano di lanciare servizi di aviazione elettrica regionale dal 2026.
Lilium N.V. (NASDAQ: LILM) y Groupe ADP han anunciado una asociación para desarrollar infraestructura para el Lilium Jet en Europa, Oriente Medio y Asia. Groupe ADP, que gestiona 23 aeropuertos en todo el mundo, hará accesibles sus vertiportos a los clientes de Lilium. Esta colaboración mejora significativamente la red de Lilium en Francia, estableciendo París como un importante centro regional para los operadores del Lilium Jet.
Groupe ADP está desarrollando vertiportos completos en los aeropuertos de París-Charles de Gaulle y París-Le Bourget, así como un sitio temporal en París para 2024. La asociación también abarca los aeropuertos internacionales de Groupe ADP en Arabia Saudita, Turquía e India, lo cual es importante para los operadores del Lilium Jet que planean lanzar servicios de aviación eléctrica regional a partir de 2026.
Lilium N.V. (NASDAQ: LILM)과 Groupe ADP가 유럽, 중동, 아시아에서 Lilium Jet의 인프라 개발을 위한 파트너십을 발표했습니다. 23개의 공항을 전 세계적으로 관리하는 Groupe ADP는 Lilium의 고객에게 버티포트를 접근 가능하게 할 것입니다. 이 협력은 Lilium의 프랑스 네트워크를 상당히 강화하며, 파리를 Lilium Jet 운영자를 위한 주요 지역 허브로 설정합니다.
Groupe ADP는 파리 샤를 드 골 및 파리 르 부르제 공항에서 포괄적인 버티포트를 개발하고 있으며, 2024년을 위한 파리의 임시 장소도 마련하고 있습니다. 이 파트너십은 사우디아라비아, 터키, 인도의 Groupe ADP 국제 공항으로 확대되어, 2026년부터 지역 전기 항공 서비스를 시작할 계획인 Lilium Jet 운영자에게 중요합니다.
Lilium N.V. (NASDAQ: LILM) et Groupe ADP ont annoncé un partenariat pour développer l'infrastructure du Lilium Jet en Europe, au Moyen-Orient et en Asie. Groupe ADP, qui gère 23 aéroports dans le monde, rendra ses vertiports accessibles aux clients de Lilium. Cette collaboration renforce considérablement le réseau de Lilium en France, en établissant Paris comme un hub régional clé pour les opérateurs du Lilium Jet.
Groupe ADP développe des vertiports complets à Paris-Charles de Gaulle et Paris-Le Bourget, ainsi qu'un site temporaire à Paris pour 2024. Le partenariat s'étend aux aéroports internationaux de Groupe ADP en Arabie Saoudite, en Turquie et en Inde, ce qui est important pour les opérateurs du Lilium Jet prévoyant de lancer des services d'aviation électrique régionale à partir de 2026.
Lilium N.V. (NASDAQ: LILM) und Groupe ADP haben eine Partnerschaft zur Entwicklung der Infrastruktur für den Lilium Jet in Europa, dem Nahen Osten und Asien angekündigt. Groupe ADP, das weltweit 23 Flughäfen betreibt, wird seine Vertiports den Kunden von Lilium zugänglich machen. Diese Zusammenarbeit verbessert wesentlich Liliums Netzwerk in Frankreich und etabliert Paris als einen wichtigen regionalen Drehkreuz für die Betreiber des Lilium Jet.
Groupe ADP entwickelt umfassende Vertiports an den Flughäfen Paris-Charles de Gaulle und Paris-Le Bourget sowie einen temporären Standort in Paris für 2024. Die Partnerschaft erstreckt sich auf die internationalen Flughäfen von Groupe ADP in Saudi-Arabien, der Türkei und Indien, die für Lilium Jet-Betreiber, die ab 2026 regionale elektrische Luftverkehrsdienste starten möchten, von Bedeutung sind.
- Partnership with Groupe ADP expands Lilium's infrastructure network in key markets
- Access to vertiports at major airports in Paris, enhancing Lilium's presence in France
- Potential for expansion into Middle East and Asia through Groupe ADP's international airport network
- Establishes Paris as an important regional hub for Lilium Jet operators
- None.
Insights
As an aviation industry expert, I find this partnership between Lilium and Groupe ADP to be a significant development in the emerging Regional Air Mobility (RAM) sector. The collaboration aims to establish important infrastructure for Lilium's electric Vertical Take-Off and Landing (eVTOL) aircraft, the Lilium Jet, across key markets in Europe, the Middle East and Asia.
This partnership is particularly noteworthy for several reasons:
- Groupe ADP's extensive network of 23 airports provides Lilium with access to strategic locations, potentially accelerating the adoption of eVTOL technology.
- The development of vertiports at major Parisian airports like Charles de Gaulle and Le Bourget positions France as a potential early adopter of eVTOL technology.
- The collaboration aligns with Groupe ADP's 'Pioneers 2025' innovation roadmap, indicating a long-term commitment to Advanced Air Mobility (AAM).
However, investors should note that while this partnership is promising, the commercial operations of Lilium Jets are not expected to begin until 2026. This timeline suggests that significant regulatory, technological and infrastructural hurdles still need to be overcome before eVTOL becomes a viable transportation option.
The success of this venture will largely depend on factors such as public acceptance, safety certifications and the development of a robust air traffic management system for low-altitude urban airspace. While the partnership with Groupe ADP is a positive step, Lilium still faces competition from other eVTOL manufacturers and traditional aviation companies entering the RAM space.
In conclusion, this partnership represents a significant milestone for Lilium, potentially providing a competitive edge in infrastructure access. However, investors should remain cautious given the nascent state of the eVTOL industry and the long road ahead to commercialization.
From a financial perspective, this partnership between Lilium and Groupe ADP is a strategic move that could significantly impact Lilium's future market position and valuation. Here's why:
- Market Access: Groupe ADP's network spans key markets in Europe, the Middle East and Asia. This partnership could potentially give Lilium a first-mover advantage in these regions, which is important in the highly competitive eVTOL space.
- Infrastructure Cost Reduction: By leveraging existing airport infrastructure and Groupe ADP's expertise, Lilium may be able to reduce the capital expenditure required for vertiport development, potentially improving its long-term profitability outlook.
- Revenue Potential: While no financial terms were disclosed, such partnerships often involve revenue-sharing agreements. If structured favorably, this could provide Lilium with a steady stream of income once operations commence.
However, investors should be aware of several financial considerations:
1. Burn Rate: As a pre-revenue company, Lilium's cash burn rate is a critical factor. This partnership, while promising, doesn't immediately address the company's need for substantial capital to reach commercialization.
2. Regulatory Risks: The eVTOL industry faces significant regulatory hurdles. Any delays in certification or changes in regulations could impact Lilium's timeline and increase costs.
3. Market Valuation: Lilium's stock (NASDAQ: LILM) has been volatile, reflecting the speculative nature of the eVTOL market. While this partnership may positively influence investor sentiment, the company's valuation will ultimately depend on its ability to achieve key milestones and generate revenue.
In conclusion, while this partnership enhances Lilium's strategic position, investors should closely monitor the company's financial health, regulatory progress and ability to meet its 2026 commercialization target. The eVTOL market remains highly speculative and Lilium's success will depend on its execution in a rapidly evolving industry landscape.
- Groupe ADP manages an extensive portfolio of 23 airports in some of Lilium’s key markets including France (all three Paris airports), the Kingdom of Saudi Arabia (Jeddah and Riyadh) and Turkey.
- Groupe ADP’s vertiports in the Paris area, including Paris-Charles de Gaulle and Paris-Le Bourget Airports, will significantly bolster the Lilium network in France.
- Partnership enables the development of vertiports in strategic locations worldwide that are crucial for operators of the Lilium Jet.
FARNBOROUGH, United Kingdom, July 24, 2024 (GLOBE NEWSWIRE) -- Groupe ADP and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced a partnership to collaborate on infrastructures for the Lilium Jet in Europe, the Middle East, and Asia. Groupe ADP, which operates and develops 23 airports around the globe with its two major partners TAV Airports and GMR Airports, will work with Lilium to make its vertiports accessible to Lilium’s customers.
Groupe ADP strongly believes in the future of AAM and gathered the key stakeholders of the ecosystem to make it happen. Groupe ADP is proud to deliver the first vertiport network in Europe, as an integral part of the Pioneers 2025 innovation roadmap, for eVTOL aircraft like the Lilium Jet on its airports' premises and with a strong foothold in Paris.
Groupe ADP is developing in particular comprehensive vertiports at two prominent airports in the Paris region - Paris-Charles de Gaulle and Paris-Le Bourget (home of The Paris Airshow) - as well as a temporary site in the heart of Paris in 2024. Groupe ADP’s vertiports will significantly bolster the Lilium network in France and establish Paris as an important regional hub for Lilium Jet operators. In addition to their flagship locations in France, Groupe ADP operate an extensive network of international airports around the world including key sites in the Kingdom of Saudi Arabia, Turkey, and India. These sites will be crucial for operators of the Lilium Jet as they work to bring regional electric aviation to passengers starting in 2026.
Sebastien Borel, CCO of Lilium, said: “It is becoming increasingly clear that some of the very first eVTOL flights will happen in France and this partnership brings that milestone closer into view.” He continued, “Groupe ADP has an impressive portfolio of airports, both in France and around the world in markets that will be key to Lilium’s commercial operations.”
Edward Arkwright, Deputy CEO of Groupe ADP, said: “As a pioneer in developing infrastructure for advanced air mobility and a global airports operator, we are thrilled to officialize the work we have been conducting with Lilium to ensure the development of new services by eVTOL in the Paris region and worldwide.”
Contact information for media:
Rainer Ohler
+49 172 489 0353
Rainer.ohler.ext@lilium.com
press@lilium.com
Lilium contact information for investors:
Rama Bondada
Vice President, Investor Relations
Investors@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, designed to offer leading capacity, low noise, and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology, and infrastructure leaders, and with announced sales and indications of interest in Europe, the United States, China, Brazil, the UK, the United Arab Emirates, and the Kingdom of Saudi Arabia, Lilium’s 1,000+ strong team includes approximately 500 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history.
Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S.
To learn more, visit www.lilium.com
About Groupe ADP
Groupe ADP develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2023, the group handled through its brand Paris Aéroport 99.7 million passengers at Paris-Charles de Gaulle and Paris-Orly, and nearly 336.4 million passengers in airports abroad. Boasting an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernizing its terminal facilities and upgrading quality of services; the Group also intends to develop its retail and real estate businesses. In 2023, group revenue stood at
Registered office: 1, rue de France, 93 290 Tremblay-en-France. Aéroports de Paris is a public limited company (Société Anonyme) with share capital of
For more information, please visit: www.groupe-adp.com and X @GroupeADP
Lilium Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including, but not limited to, statements regarding: (i) Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model; (ii) the markets and industry in which the Lilium Group operates or intends to operate; (iii) the Lilium Group’s progress towards type certification (and type certificate validation) of its Lilium Jet with EASA and the FAA; and (iv) the Lilium Group’s plans, as described herein, to partner with Groupe ADP and to bring Lilium Jet flights to the South of France. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “could,” “expect,” “estimate,” “future,” “intend,” “may,” “on track,” “plan,” “project,” “should,” “strategy,” “will,” “would” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management’s current expectations with respect to future events and are based on assumptions and are subject to risk and uncertainties that are subject to change at any time. Actual events or results may differ materially from those contained in the forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this press release include those risks and uncertainties discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the section titled “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, on file with the SEC, and similarly titled sections in Lilium’s other SEC filings, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and Lilium assumes no obligation to, and does not intend to, update, or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
FAQ
What is the partnership between Lilium and Groupe ADP for?
Which major airports will have vertiports for the Lilium Jet in France?
When is Lilium (LILM) planning to start commercial operations with the Lilium Jet?
How many airports does Groupe ADP manage globally?
