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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, SEA Milan Airports, and Skyports Infrastructure have signed a Memorandum of Understanding (MoU) to develop a passenger eVTOL network in Italy's Lombardy region. The partnership aims to launch vertiport operations by 2027, with SEA as the majority shareholder, Skyports providing infrastructure expertise, and Lilium contributing its pioneering Lilium Jet.
The initial route will connect Milan Malpensa Airport to Milan city center, enhancing regional connectivity. SEA, Skyports, and 2i Aeroporti are forming a joint venture for vertiport development and operations in Lombardy and Italy. This collaboration aligns with Italy's proactive stance on Innovative Air Mobility, supported by ENAC's comprehensive national rulebook for VTOL-capable aircraft.
Saudi Arabia's General Authority of Civil Aviation (GACA) and Lilium N.V. (NASDAQ: LILM) have signed a memorandum of understanding (MoU) to develop and implement eVTOL regulations in Saudi Arabia, targeting operations by 2026. The partnership includes:
1. Establishing a joint Working Group to prepare regulations
2. Creating sub-groups for infrastructure, air operations, airworthiness, and airspace integration
3. Collaborating on Saudi Arabia's Advanced Air Mobility (AAM) Roadmap
Lilium, with its extensive regulatory experience, will support GACA in this initiative. The agreement aligns with Saudi Arabia's Vision 2030 and aims to advance innovative and sustainable air mobility solutions in the Kingdom.
Lilium N.V. (Nasdaq: LILM) has announced the next phase of its POWER-ON Aftermarket Services portfolio, introducing a comprehensive suite of digital solutions for efficient operation of the Lilium Jet. This expansion includes:
1. Flight planning and aircraft performance solutions
2. Customer portal with technical publications access
3. Health monitoring and ground operations systems
4. AI-integrated functions for improved workflows
These digital systems are important for the Lilium Jet's planned entry into service in 2026. The company is collaborating with industry leaders like Microsoft, Amadeus, and GE Aerospace to develop and integrate various solutions, including cloud-based health monitoring, passenger check-in systems, and flight data monitoring. This initiative aims to set new standards in the Regional Air Mobility market, ensuring safe, efficient, and seamless operations for Lilium Jet operators.
Saudia Group and Lilium N.V. (NASDAQ: LILM) have signed a binding sales agreement for 50 Lilium Jets, with options for 50 more. This marks the largest eVTOL aircraft order in the MENA region and by an airline planning to operate the aircraft. The agreement includes deposit schedules, delivery timelines, performance guarantees, and maintenance provisions.
Saudia Group aims to pioneer sustainable premium aviation in Saudi Arabia, aligning with Saudi Vision 2030. The eVTOL jets will offer faster regional travel, reducing journey times by up to 90%. They will support Hajj and Umrah pilgrimages, improve access to events, and enhance tourism. Saudia Private, a subsidiary, will manage operations, with the first jets expected in 2026.
The Lilium Jet will feature premium cabins for up to six passengers. This agreement expands Lilium's order pipeline to 106 firm orders, 76 options, and about 600 aircraft under MOU.
Saudia Group and Lilium N.V. (NASDAQ: LILM) have signed a binding sales agreement for 50 Lilium Jets, with options for 50 more. This marks the largest eVTOL aircraft order by an airline in the MENA region. The agreement includes deposit schedules, delivery timelines, and performance guarantees. Saudia Group aims to deploy these jets by 2026, managed by Saudia Private, to enhance regional connectivity and support tourism, business travel, and pilgrimages. The Lilium Jet, with a capacity for six passengers, is expected to reduce regional travel times by up to 90%. This partnership aligns with Saudi Vision 2030 and Saudia Group's commitment to sustainable aviation. Lilium's order pipeline now includes 106 firm orders, 76 options, and about 600 aircraft under MOU.
Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer, has reaffirmed its 2026 target for first customer deliveries of the Lilium Jet. The company provided additional details on its testing program:
- First aircraft (MSN 1) will be used for ground testing starting in a few weeks
- Second aircraft (MSN 2) will undergo ground testing in fall and perform the first manned flight in early 2025
- Three aircraft will be in production by year-end
- Full structural aircraft for static tests will be available in fall
- Engineering simulator developed by FlightSafety International to be delivered early 2025
Lilium is also preparing operational support with a Flight Crew Training Simulator and its support and services organization, Lilium POWER-ON. The company continues to make progress on certification, training devices, and customer support services.
Lilium (Nasdaq: LILM), a leader in electric aircraft manufacturing, has completed its first series of tests on its electric jet propulsion unit. The tests, conducted at Lilium's headquarters near Munich, Germany, saw the electric engines taken to maximum thrust, demonstrating expected performance and reliability. The propulsion unit includes two engines and was developed in collaboration with suppliers like Denso, Honeywell, Aeronamic, and SKF.
This milestone brings Lilium closer to zero-emission flights, manned flights, and commercial service entry. Lilium is gearing up for series production, with their first propulsion mounting system built by Aernnova, and the first servo-actuators delivered by Sener. Upcoming propulsion units will be used for ground testing and integration into the first flight aircraft.
Lilium N.V. (Nasdaq: LILM), a key player in electric aircraft manufacturing and Regional Air Mobility (RAM), has shared its Q1 2024 progress in a shareholder letter. Highlights include significant advancement in the production of Lilium Jets and the start of battery pack production. Testing is underway for the first manned flight and certification, with the commercial order pipeline growing to over 780 aircraft. Key orders were received from UrbanLink and eVolare. Lilium expanded its support network by partnering with Aéroports de la Côte d’Azur, UrbanV, and Atlantic Aviation. The company concluded a successful $114 million fundraise and initiated due diligence for a loan guaranteed by the German Federal Government and the State of Bavaria. Discussions with the French government for a similar loan are also in progress.
Lilium (NASDAQ: LILM), a pioneer in regional air mobility, has signed a collaboration agreement with Shenzhen's Bao’an District, establishing its APAC headquarters in the region. This marks Lilium as the first European eVTOL manufacturer to operate in the district. The headquarters will support Lilium Jet sales, services, and certification in China, contributing to the local low altitude economy and creating jobs in Shenzhen. The partnership focuses on the Guangdong–Hong Kong-Macao Greater Bay Area, with plans to expand across China and the Asia-Pacific region. This collaboration will help Lilium navigate local regulatory environments and infrastructure, aiming to capture a significant share of the global eVTOL market, projected to account for 25%.
Lilium N.V. (NASDAQ: LILM) announced the release date for its First Quarter 2024 Shareholder Letter, set for June 11, 2024, prior to market open. A conference call will follow at 8:00 a.m. EDT on the same day. The call can be accessed via the Lilium investor relations website. Lilium is collaborating with Say Technologies to facilitate Q&A sessions with both retail and institutional shareholders. Starting June 3, 2024, shareholders can submit and upvote questions at Say Technologies' platform until 24 hours before the call. For inquiries, shareholders can contact support@saytechnologies.com. Investor and media contacts have been provided for further communications.
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