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.
SAUDIA, Saudi Arabia’s national airline, has signed a Memorandum of Understanding with Lilium N.V. (NASDAQ: LILM) to develop an eVTOL network. This makes SAUDIA the first carrier in the MENA region to invest in sustainable air mobility, planning to purchase 100 all-electric Lilium Jets. The initiative aims to provide zero-emission travel options and enhance regional air mobility, supporting certification processes in Saudi Arabia. The partnership seeks to transform domestic air transport, contributing to sustainable tourism and improving customer experiences.
Lilium N.V. (NASDAQ: LILM) has partnered with GlobeAir to sell 12 Lilium Jets, enhancing premium eVTOL flight services in the French Riviera and Italy. GlobeAir, a leading private jet operator, aims to integrate these jets for efficient point-to-point travel, emphasizing sustainability. The partnership aims to significantly reduce travel times and provide a comprehensive travel experience, aligning with the growing demand for sustainable transport solutions. Lilium continues to advance its all-electric vertical take-off and landing technology, promoting decarbonization in air travel.
Lilium N.V. (NASDAQ: LILM) has announced its General Meeting of shareholders scheduled for October 27, 2022, at 4:00 p.m. CEST in Amsterdam. The convocation notice contains the agenda, explanatory notes, and other relevant documents, all available on the company’s Investor page. The meeting will cover critical topics such as the record date and proxy voting. Lilium is focused on developing a sustainable, electric vertical take-off and landing jet, promoting low noise and zero emissions air travel.
Lilium N.V. (NASDAQ: LILM) announced a crowdsourcing initiative for questions from retail investors ahead of its Q2 2022 business update webcast. Starting September 21, 2022, verified shareholders can submit and upvote questions until September 27, 2022. Selected queries will be addressed during the webcast scheduled for September 28, 2022, at 8:00 a.m. EDT. This initiative demonstrates Lilium's commitment to engaging with its retail investor base. The company aims to enhance transparency as it works towards revolutionizing regional transportation through its all-electric vertical take-off and landing jet.
Lilium N.V. (NASDAQ: LILM) announced plans to release its Second Quarter Fiscal Year 2022 Business Update on September 28, 2022, at 8:00 a.m. Eastern Standard Time. The update will include a webcast available on the Lilium investor relations website. Lilium is focused on creating sustainable high-speed transportation using its all-electric vertical take-off and landing jet, the Lilium Jet. The company is actively working on decarbonizing air travel and has announced launch networks in Germany, the U.S., and Brazil.
Lilium N.V. has partnered with Diehl Aviation to develop the cabin interior for the Lilium Jet, marking a significant step in its industrialization and type certification process. The agreement entails designing all cabin components, including walls, ceiling panels, and lighting systems utilizing advanced LED technology. With Diehl's extensive experience in cabin interiors for major aircraft manufacturers, this collaboration aligns with Lilium's strategy of working with Tier 1 aerospace companies. The Lilium Jet aims to offer sustainable, zero-emission regional air mobility.
Lilium N.V. (NASDAQ: LILM) has signed a significant agreement with Helity Copter Airlines to create an eVTOL network in Andalusia, Spain. Helity plans to purchase five Lilium Jets to enhance premium and business charter flight services. The Lilium Jet boasts a range of 250 km and low noise emissions, positioning it well for the region's transportation needs. Both companies aim to develop sustainable aerial mobility, leveraging Helity's local expertise and Lilium's innovative technology. The arrangement is subject to final agreements and certain conditions.
Lilium N.V. (NASDAQ: LILM) has entered into an agreement with AAP Aviation Group AS to establish an eVTOL network in Scandinavia, beginning in Norway. AAP Aviation plans to purchase 40 Lilium Jets and work with Lilium to develop landing sites. The collaboration aims to enhance sustainable travel options and capitalize on the growing demand for on-demand aviation services. The Lilium Jet, designed for four to six passengers, boasts a range of approximately 250 km and is expected to significantly reduce travel time. The agreement is subject to finalizing commercial terms.
Lilium N.V. (NASDAQ: LILM) has entered an agreement with ASL Group to enhance sustainable air mobility in the Benelux region. ASL Group plans to purchase 6 Lilium Jets and collaborate on establishing landing sites. This partnership aims to create a safe eVTOL network across Belgium, the Netherlands, Luxembourg, and parts of Western Germany. The Lilium Jet, known for zero operating emissions and vertical take-off capabilities, aligns with ASL's commitment to ecological responsibility. The deal is pending final agreements and conditions.
Bristow Group and Lilium N.V. have announced a strategic partnership involving the purchase of 50 Lilium all-electric jets. The partnership aims to provide maintenance services in Florida and other U.S. and European markets.
The memorandum of understanding allows Bristow to develop a maintenance program and become an authorized service provider for Lilium. This collaboration marks significant progress for Lilium in the vertical flight market, emphasizing their joint commitment to innovative and sustainable aircraft solutions.
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