Articles from Lilium GmbH
Lilium GmbH reports continuing momentum on the Lilium Jet commercial and test program, as KPMG-driven M&A process continues
MUNICH, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Lilium GmbH (“Lilium”), a pioneering electric aircraft manufacturer, today confirms that the KPMG-led M&A process aimed at delivering the company’s financial restructuring continues. In parallel, Lilium reports continuing program momentum both on the commercial and technology side as the company gears up towards first manned flight of the all-electric Lilium Jet.
By Lilium GmbH · Via GlobeNewswire · December 5, 2024
Lilium Launches M&A Process with KPMG, Targets Program Continuation Towards First Flight and Certification
MUNICH, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), announces that it has appointed KPMG to conduct an open, transparent and fair M&A process. First investor briefings will start soon.
By Lilium GmbH · Via GlobeNewswire · November 5, 2024
Lilium N.V. Receives Notice of Delisting from Nasdaq
MUNICH, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (the “Company” or “Lilium”), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), on Tuesday, October 29, 2024, announced in a Form 6-K filed with the Securities and Exchange Commission that the Company received a written notice from the staff of the Nasdaq Listing Qualifications Department (the “Staff”) on October 28, 2024, following the applications of Lilium GmbH and Lilium eAircraft GmbH, the principal operating wholly-owned German subsidiaries of Lilium (the “Subsidiaries”), for insolvency in the local court of Weilheim in Germany and self-administration proceedings pursuant to Section 270(a) of the German Insolvency Code, notifying the Company that, in accordance with Nasdaq Listing Rule 5101, the trading of the Company’s Class A ordinary shares and warrants will be suspended at the opening of business on November 6, 2024, and a Form 25 Notification of Delisting will be filed with the U.S. Securities Exchange Commission (the “SEC”) to delist the Company’s securities from the Nasdaq Global Select Market (“Nasdaq”).
By Lilium GmbH · Via GlobeNewswire · November 1, 2024
Lilium Board approves application for self-administration of German subsidiaries
MUNICH, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced that its principal German subsidiaries will apply for self-administration proceedings in the next few days with the competent court in Germany. This follows a lengthy and complex government approval process for a loan from KfW, which failed in the Budget Committee of the German parliament.
By Lilium GmbH · Via GlobeNewswire · October 24, 2024
Lilium, GE Aerospace partner to deliver eVTOL flight safety
LAS VEGAS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- With eVTOLs on the cusp of taking off commercially in the coming years, GE Aerospace is partnering with Lilium, a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), to build a solid safety foundation for this exciting new mode of travel. The two companies are bringing together their respective flight data and analytics platforms to build scalable flight data management solutions that inform the right safety standards and guidelines for eVTOL operators.
By Lilium GmbH · Via GlobeNewswire · October 23, 2024
Lilium Powers On First Lilium Jet in Significant Milestone Towards First Flight
MUNICH, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has completed the first systems power-on milestone of its revolutionary all-electric Lilium Jet. The successful test procedure on the first in-production Lilium Jet, MSN 1, represents a significant achievement on the path to first flight and certification. This test confirms that the aircraft is being built in accordance with Lilium’s platform design and the flight systems are functioning correctly.
By Lilium GmbH · Via GlobeNewswire · October 1, 2024
Lilium Debuts Jet in U.S. at Houston Hobby Airport and Signs Infrastructure Partnership with Galaxy FBO
HOUSTON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQLILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), is today debuting the Lilium Jet, the world's first fully electric jet that can take off and land vertically, to the U.S. market. The Lilium Jet is designed and optimized for regional travel with an aerodynamic shape and ducted electric fans that prioritize efficiency and speed during forward flight. With an anticipated initial operating range of roughly 110 miles, the Lilium Jet will be capable of quickly connecting Houstonians to the broader region, with routes like Houston Hobby Airport to Galveston, Houston Spaceport to College Station, The Woodlands to Galveston, and others. Galaxy FBO’s Houston-area facilities at Houston Hobby, Conroe North Houston Regional Airport, and The Woodlands Heliport will be key infrastructure for Lilium Jet operators in the Houston area.
By Lilium GmbH · Via GlobeNewswire · September 26, 2024
Lilium Welcomes Aerospace Industry Veteran Philippe Balducchi to Board of Directors
MUNICH, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced changes to its Board of Directors, subject to approval at the upcoming extraordinary general meeting of shareholders (EGM) on Wednesday, September 18, 2024. The company intends to appoint Philippe Balducchi as a non-executive member of the Board, while Barry Engle and Henri Courpron, who have served as non-executive directors, do not plan to stand for re-appointment following the completion of their terms.
By Lilium GmbH · Via GlobeNewswire · September 12, 2024
Lilium Starts Integration Testing of Lilium Jet Electrical Power System
MUNICH, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQLILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has successfully completed the first phase of integration testing of the Lilium Jet’s electrical power system at the company’s purpose-built laboratory. The test completion represents a key milestone on the path to flight conditions approval and type-certification of the revolutionary Lilium Jet. It means that, while the first two Lilium Jets take shape on the production line, engineers are already verifying the design of the aircraft’s core powertrain functionalities that will support certification according to EASA’s SC-VTOL rules.
By Lilium GmbH · Via GlobeNewswire · August 21, 2024
New landmark international study: 2-in-3 People Agree: Now Is The Time for Air Travel to Become Sustainable
MUNICH, Aug. 07, 2024 (GLOBE NEWSWIRE) -- A landmark international survey has revealed the scale of pent up demand for clean aviation, with 65 per cent of consumers across the four countries calling for change.
By Lilium GmbH · Via GlobeNewswire · August 7, 2024
Lilium partners with leading global airport operator Groupe ADP to expand infrastructure network for the Lilium Jet
FARNBOROUGH, United Kingdom, July 24, 2024 (GLOBE NEWSWIRE) -- Groupe ADP and Lilium N.V. (NASDAQLILM), 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.
By Lilium GmbH · Via GlobeNewswire · July 24, 2024
Lilium, SEA Milan Airports and Skyports to Launch Regional Air Mobility Network in Northern Italy
New partnership brings together aircraft manufacturer, infrastructure specialist, and airport operator to develop eVTOL network in Lombardy
By Lilium GmbH · Via GlobeNewswire · July 23, 2024
Saudi Arabia’s General Authority of Civil Aviation and Lilium sign MoU to collaborate on development and implementation of eVTOL regulation in the Kingdom
FARNBOROUGH, United Kingdom, July 22, 2024 (GLOBE NEWSWIRE) -- The Saudi Arabian General Authority of Civil Aviation (GACA) and Lilium N.V. (NASDAQLILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today signed a memorandum of understanding (MoU) at the Farnborough International Airshow to develop and implement the required regulations for eVTOL operations in the Kingdom of Saudi Arabia beginning in 2026.
By Lilium GmbH · Via GlobeNewswire · July 22, 2024
Lilium expands POWER-ON, creating Comprehensive Solutions Portfolio with Leading Digital Innovators
FARNBOROUGH, United Kingdom, July 21, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced the next phase of its “POWER-ON” Aftermarket Services portfolio, providing a suite of digital solutions to ensure efficient and seamless operation of the Lilium Jet.
By Lilium GmbH · Via GlobeNewswire · July 21, 2024
Saudia Group Signs Industry-Leading Sales Agreement With Lilium to Acquire Up to 100 eVTOL Jets
MUNICH, Germany, July 18, 2024 (GLOBE NEWSWIRE) -- Saudia Group and Lilium N.V. (NASDAQLILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today signed a binding sales agreement for 50 Lilium Jets, with options for the purchase of 50 more. The signature ceremony was held at Lilium’s HQ in Gauting near Munich. The contract was signed by Fahd Al-Jarbou, CEO of Saudia Private, representing Saudia Group, and Lilium's CEO Klaus Roewe, in the presence of several distinguished guests including; Michael Kindsgrab, the German Ambassador to the Kingdom of Saudi Arabia; H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group; and Lilium Chairman Tom Enders.
By Lilium GmbH · Via GlobeNewswire · July 18, 2024
Lilium Reaffirms 2026 Target for First Customer Deliveries and Provides Additional Detail on Testing Program
MUNICH, July 17, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQLILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today confirmed its delivery schedule allowing first customer deliveries in 2026 and provided additional program details. This confirmation is based on a recent program review that considered the testing and validation requirements needed prior to first manned flight, which is now scheduled for early 2025, and the readiness of its support organization and training devices for its customers.
By Lilium GmbH · Via GlobeNewswire · July 17, 2024
Lilium Completes Successful Tests of its Revolutionary Electric Jet Propulsion Unit
MUNICH, June 26, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has successfully completed the first series of tests of its electric jet propulsion unit. For the first time, the electric engines were taken up to maximum thrust on the propulsion unit test bench, representing a landmark achievement on the journey to zero operating emissions flight and an important step towards verifying safety of flight of the Lilium Jet. The tests performed have demonstrated the expected level of performance and reliability, bolstering Lilium’s confidence in the maturity of its electric jet propulsion system.
By Lilium GmbH · Via GlobeNewswire · June 26, 2024
Lilium reports significant progress in Q1 2024 Shareholder Letter
MUNICH, Germany, June 11, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has released its Q1 2024 Shareholder Letter. The Shareholder Letter discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet and can be accessed on the Lilium investor relations website.
By Lilium GmbH · Via GlobeNewswire · June 11, 2024
Lilium launches China Legal Entity as part of collaboration with the Bao’an District of Shenzhen
MUNICH, Germany, June 10, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQLILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), has signed a collaboration agreement with the Shenzhen-based Bao’an District. Under the agreement, Lilium has established its [APAC] regional headquarters in the district by way of its recently created Chinese entity (力翎航空), meaning “Powerful Wing”.
By Lilium GmbH · Via GlobeNewswire · June 10, 2024
Lilium Announces Q1 2024 Shareholder Letter and Webcast on June 11, 2024
MUNICH, June 03, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (“Lilium” or the “Company”) (NASDAQLILM) today announced that it plans to release its First Quarter 2024 Shareholder Letter on June 11, 2024, before market open.
By Lilium GmbH · Via GlobeNewswire · June 3, 2024
Lilium Announces Successful Arrangement of $114 Million Capital Raise With Participation From Strategic and Existing Investors
MUNICH, Germany, May 29, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), announced today that it has successfully concluded its previously announced capital raise, resulting in $114 million of new gross proceeds. The net proceeds from this capital raise provide additional capital needed to support Lilium’s operations to achieve the first manned flight test of the Lilium Jet, targeted to occur in late 2024.
By Lilium GmbH · Via GlobeNewswire · May 29, 2024
Lilium and eVolare confirm the signing of sale and purchase agreements for 4 Lilium Jets, with potential deliveries of up to 12 additional aircraft
LONDON and MUNICH, Germany, May 29, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), and eVolare, a subsidiary of Volare Aviation, one of the United Kingdom’s largest helicopter and private jet operators, announced the signing of binding sale and purchase agreements for the acquisition of 4 Lilium Jets. The purchase agreements include delivery schedules, guarantees, and warranties along with deposits and pre-delivery payments. The parties have also agreed on terms for the reservation of up to an additional 12 Lilium Jet production slots for eVolare and its customers. Based in Oxford, UK, eVolare plans to operate Lilium Jets in the London area, connecting London with outer cities and the coastal areas of England.
By Lilium GmbH · Via GlobeNewswire · May 29, 2024
Lilium and Luxaviation Take Partnership to Next Phase Focused on Operations and Ground Infrastructure
GENEVA and MUNICH, Germany, May 29, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), today announced an expansion of its partnership with Luxaviation Group, one of the largest business aircraft and helicopter operators worldwide.
By Lilium GmbH · Via GlobeNewswire · May 29, 2024
Lilium Jet to Take Flight in the French Riviera in 2026
ROME and NICE, France and MUNICH, Germany, May 28, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), UrbanV, the Italian vertiport network operator, and Aéroports de la Côte d’Azur (ACA), managing Nice Côte d’Azur airport, the second largest airport place in France, along with the airports of Cannes Mandelieu and Golfe de Saint-Tropez, today announced plans to bring Lilium Jet flights to the South of France starting in 2026. A new network will connect the French Riviera with key destinations throughout Southern France including Monaco, Nice, Cannes, Golfe de Saint-Tropez, Aix-en-Provence, and Marseille.
By Lilium GmbH · Via GlobeNewswire · May 28, 2024
Lilium Announces Pricing of $114 Million Financing
Financing sees meaningful participation from existing shareholders and company insiders, propelling Lilium towards first manned flight of the Lilium Jet targeted for late 2024
By Lilium GmbH · Via GlobeNewswire · May 24, 2024
Lilium Announces Launch of Offering of Class A Shares and Warrants
MUNICH, Germany, May 23, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), announced today that it has launched an underwritten public offering of the Company’s Class A ordinary shares (the “Shares”) and warrants to purchase Shares (the “Warrants” and, together with the Shares, the “Securities”), as well as a concurrent private placement offering of Shares and warrants to purchase Shares (“PIPE Warrants”) including to BIT Capital, Earlybird Venture Capital and Aceville Pte. Limited, an affiliate of Tencent Holdings Limited (“Aceville”), as well as certain Lilium board members (the “PIPE”). Additionally, the Company will issue to Aceville (i) a pro rata warrant to purchase Shares (the “Aceville Pre-Funded Warrant”) and Aceville has agreed to partially prepay a portion of the total exercise price of the Aceville Pre-Funded Warrant (the “Aceville Pre-Funding”) and (ii) an accompanying PIPE Warrant to purchase Shares, subject to satisfaction of customary closing conditions and the receipt of shareholder approval for an increase in the Company’s authorized share capital.
By Lilium GmbH · Via GlobeNewswire · May 23, 2024
Lilium Begins Construction of Certification Test Facility for the Lilium Jet with SEGULA Technologies
MUNICH, Germany, May 16, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), today announced it has started construction of an advanced test facility for integration and certification testing of the Lilium Jet. Designed in partnership with global engineering group SEGULA Technologies and located at Lilium’s headquarters near Munich, Germany, the state-of-the-art facility is due to become operational in late Summer 2024.
By Lilium GmbH · Via GlobeNewswire · May 16, 2024
Lilium Welcomes KfW Due Diligence Undertaking
MUNICH, Germany, May 15, 2024 (GLOBE NEWSWIRE) -- The Federal Government of Germany and the Free State of Bavaria have commissioned the state development bank KfW in Frankfurt to conduct due diligence on Lilium (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), as part of the customary state support process. Once the diligence is completed and results satisfactory, Lilium expects to receive guarantees from the Federal Government and the Free State of Bavaria as security for a KfW loan, the exact amount of which is yet to be determined.
By Lilium GmbH · Via GlobeNewswire · May 15, 2024
Lilium in advanced discussions with French government to expand industrial footprint with high-volume facilities in France
MUNICH, Germany, May 13, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (“RAM”), today confirmed that it is in advanced discussions with the French government on plans to expand its high-volume production capacity with an industrial footprint in France and on potential government subsidies and loan guarantees. This follows a French government announcement of the talks at the Choose France Summit in Versailles on May 13.
By Lilium GmbH · Via GlobeNewswire · May 13, 2024
Lilium Announces Firm Order of 20 Lilium Jets from U.S. Operator UrbanLink
MIAMI, May 06, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), today announced their partnership with advanced air mobility (AAM) operator UrbanLink to operate Lilium Jets in South Florida. As part of the agreement, UrbanLink will purchase 20 Lilium Jets, with scheduled pre-delivery payments, and become the first airline in the U.S. fully committed to integrating eVTOL aircraft into its fleet.
By Lilium GmbH · Via GlobeNewswire · May 6, 2024
Full-scale Lilium Jet model to be unveiled for the first time at EBACE2024
MUNICH, Germany, April 30, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), today announced that it will unveil the full-scale Lilium Jet model for the first time at EBACE2024: Europe’s premier aviation and advanced air mobility event, taking place 28-30 May 2024 in Geneva, Switzerland at Palexpo and Geneva Airport. This will be the first public premiere of the full-scale Lilium Jet model.
By Lilium GmbH · Via GlobeNewswire · April 30, 2024
Lilium Starts Production of High-Performance Battery Packs for the Lilium Jet
MUNICH, Germany, April 16, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it has started production of the advanced, aviation grade battery packs that will power the Lilium Jet on its first piloted flight, targeted for end of 2024. This latest milestone represents a landmark in the development of the Lilium Jet and follows extensive testing of battery pack subcomponents from individual cell to stack level with a focus on performance, safety and regulatory conformity.
By Lilium GmbH · Via GlobeNewswire · April 16, 2024
Lilium Begins Integration of Garmin Standby Flight Instruments for the Lilium Jet
MUNICH, Germany, April 02, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it has received the first set of standby flight instruments from Garmin®, a leading provider of avionics solutions. The deliveries, which follow the multi-year supplier contract signed by Lilium and Garmin in 2023, will be integrated into the first Lilium Jets being produced and the Lilium Jet flight simulator, used for pilot training.
By Lilium GmbH · Via GlobeNewswire · April 2, 2024
Lilium Names Johan Malmqvist as Chief Financial Officer
MUNICH, Germany, March 25, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, today announced they have appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024. Johan Malmqvist brings more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies.
By Lilium GmbH · Via GlobeNewswire · March 25, 2024
Lilium and Atlantic Aviation Unite to Electrify Regional Air Mobility Across the U.S.
MUNICH, Germany, March 13, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has teamed up with Atlantic Aviation, a leading fixed-based operation (FBO) and aviation services provider, to prepare Atlantic’s network of more than 100 FBOs for the Lilium Jet’s regional upcoming air mobility service launch in the United States.
By Lilium GmbH · Via GlobeNewswire · March 13, 2024
Lilium Supports NYC EDC’s Decision to Seek Agnostic Operator for Downtown Manhattan Heliport & AAM’s Inclusion; Heliport will Serve as Key Site in Northeast Corridor Regional Network for Lilium Jet
NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), today announced its support for the New York City Economic Development Corporation’s (NYCEDC) efforts to accommodate eVTOL operations by choosing an agnostic heliport operator who will serve a wide range of aircraft and advanced air mobility (AAM) use cases at the Downtown Manhattan Heliport. The Downtown Manhattan Heliport, located near Battery Park on Pier 6, along the East River, will play a key role in the planned future Northeast Corridor regional network for planned operators of the Lilium Jet.
By Lilium GmbH · Via GlobeNewswire · March 7, 2024
Lilium releases Full Year and Fourth Quarter 2023 Shareholder Letter
MUNICH, Germany, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Full Year and Fourth Quarter 2023 Shareholder Letter. The Shareholder Letter, which discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website.
By Lilium GmbH · Via GlobeNewswire · February 27, 2024
Lilium partners with Star Charge to develop best-in-class charging system for eVTOL operations
SINGAPORE and MUNICH, Germany, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Lilium N.V (Nasdaq: LILM), the developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has partnered with Star Charge, global leader in electric vehicle charging infrastructure and microgrid solutions, to develop, customize, and provide charging systems for its Lilium Jets. Today, at the Singapore Airshow, the companies announced that Lilium placed a first order of 120 chargers for its ground and flight testing aircraft, as well as for its aircraft maintenance and delivery center activities. Lilium will also provide charging stations to its customers investing into vertiports.
By Lilium GmbH · Via GlobeNewswire · February 20, 2024
Lilium launches its services organization and offering: Lilium POWER-ON
SINGAPORE and MUNICH, Germany, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Lilium N.V (Nasdaq: LILM), the developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has appointed Senior Lilium Executive Dominique Decard to head the eVTOL industry’s first Customer Service organization, named Lilium POWER-ON. Today, at the Singapore Air Show, the company announced its newly established business unit that will offer the full aircraft manufacturer services portfolio, including training services, maintenance operations, material and battery management and global distribution, flight operations support, ground service equipment, and digital solutions.
By Lilium GmbH · Via GlobeNewswire · February 20, 2024
Lilium partners with PhilJets to bring eVTOLs to Asia, starting with the Philippines
CHANGI, Singapore, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQLILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet, and PhilJets, a leading aviation provider of global services in the ASEAN region, today announced the signing of a Memorandum of Understanding at the Singapore Airshow.
By Lilium GmbH · Via GlobeNewswire · February 19, 2024
Lilium Announces FY and Q4 2023 Shareholder Letter and Webcast on February 27, 2024
MUNICH, Germany, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (“Lilium” or the “Company”) (NASDAQLILM) today announced that it plans to release its Full Year and Fourth Quarter 2023 Shareholder Letter on February 27, 2024, before market open.
By Lilium GmbH · Via GlobeNewswire · February 14, 2024
Lilium Designates Future Orlando Vertiport as Key Network Hub, Supports its Designation as Advanced Mobility Site
ORLANDO, Fla., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), announced today its designation of the future Orlando International Airport (MCO) vertiport as a network hub for Lilium Jet operators in central Florida. Lilium also announced its support for Florida House Bill 981, which proposes the designation of the Greater Orlando Aviation Authority (GOAA) as the Advanced Air Mobility (AAM) test site for the State of Florida.
By Lilium GmbH · Via GlobeNewswire · February 8, 2024
Lilium and AJW Group Form Strategic Collaboration on Material Management as part of Lilium’s Aftermarket Services
LONDON, United Kingdom and MUNICH, Germany, Jan. 29, 2024 (GLOBE NEWSWIRE) -- AJW Group (“AJW”), a world-leading independent aircraft component parts, repair, and supply chain solutions provider, and Lilium N.V (Nasdaq: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, have signed an agreement to develop global material services and distribution to support the Lilium Jet’s global aircraft operations and Lilium’s Aftermarket Services Business.
By Lilium GmbH · Via GlobeNewswire · January 29, 2024
Lilium Announces Planned Participation in Upcoming First Quarter 2024 Investor Events
MUNICH, Germany, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, today announced its planned attendance at first quarter 2024 investor events. Expected attendees from Lilium include a combination of Daniel Wiegand, Co-Founder, Chief Engineer for Innovation and Future Programs, Oliver Vogelgesang, Chief Financial Officer, Rama Bondada, Vice President, Head of Global Investor Relations, and Folke Rauscher, Senior Investor Relations Operations Manager.
By Lilium GmbH · Via GlobeNewswire · January 11, 2024
Global airport operator Fraport and Lilium to collaborate on development of commercial eVTOL network
FRANKFURT, Germany and MUNICH, Germany, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Airport operator Fraport and Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, today announced their strategic collaboration to explore required planning and approval steps for state-of-the-art infrastructure for the implementation of commercial eVTOL operations at airports. Fraport is active at 30 international airports across four continents.
By Lilium GmbH · Via GlobeNewswire · January 10, 2024
Lufthansa Group and Lilium sign Memorandum of Understanding for strategic partnership
FRANKFURT, Germany and MUNICH, Germany, Dec. 07, 2023 (GLOBE NEWSWIRE) -- The Lufthansa Group and Lilium (NASDAQLILM) signed a Memorandum of Understanding (MoU) to explore a strategic partnership on electric Vertical Take-Off and Landing (eVTOL) aircraft operation in Europe. The companies want to explore innovation opportunities in aviation, discussing areas such as ground and flight operations, future aircraft maintenance, as well as crewing and flight training. In a possible strategic partnership, both companies also want to analyze the opportunities for collaboration with third parties like airports and regional partners, for instance, on the advancement of infrastructure such as vertiports, airspace integration and the definition of required operation processes.
By Lilium GmbH · Via GlobeNewswire · December 7, 2023
Lilium Starts Production of the Lilium Jet in Watershed Moment for Sustainable Aviation
MUNICH, Germany, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, today announces the start of production of the Lilium Jet, following the arrival of the first Lilium Jet fuselage at Lilium’s final assembly line. In parallel, Lilium’s world-class tier one suppliers – most of which have decades of experience in supporting the certification requirements of commercial aviation – are ramping up production of parts and systems for the Lilium Jet.
By Lilium GmbH · Via GlobeNewswire · December 6, 2023
CITIC Offshore Helicopter and Lilium partner to launch eVTOL Network in China's Greater Bay Area
COHC and Lilium to jointly launch services in China using Lilium’s revolutionary eVTOL jet
By Lilium GmbH · Via GlobeNewswire · November 24, 2023
Lilium Partners With Industrial Leader DENSO to Prepare Production Ramp-Up of the Lilium Jet’s Innovative Electric Engine
MUNICH, Germany, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it has signed an agreement with mobility technology and industrial leader DENSO, a Fortune 500 giant, for technical assistance in optimizing production at scale of the Lilium Jet’s revolutionary electric engine. DENSO, a leader in powertrain electrification and the world’s second largest automotive parts provider by sales, will support Lilium in developing equipment and tooling for an efficient, scalable production ramp up and preparing automation for high-volume production of the Lilium Jet engine and its subsystems.
By Lilium GmbH · Via GlobeNewswire · November 14, 2023
ArcosJet and Lilium Announce Purchase of 10 eVTOL Jets
DUBAI, United Arab Emirates, Nov. 13, 2023 (GLOBE NEWSWIRE) -- ArcosJet DMCC and Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet, have announced ArcosJet’s purchase of 10 Lilium Jets, expected to be delivered through 2026 & 2027. Following the appointment of ArcosJet as an exclusive authorized dealer for private sales of the Lilium Jet in their region, ArcosJet’s purchase means eVTOL travel will soon be available for customers in the Middle East.
By Lilium GmbH · Via GlobeNewswire · November 13, 2023
Lilium Announces Partnership for High-Volume Production of Lilium Jet Battery Cells
MUNICH, Germany, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it is extending its existing partnership with InoBat. InoBat is expected to provide high-volume production of the Lilium Jet’s high-performance battery cells. The continued partnership reaffirms Lilium’s multiple-sourcing strategy for cell production and will contribute towards securing a healthy supply of Lilium’s battery cells for entry into service of the Lilium Jet and the years thereafter.
By Lilium GmbH · Via GlobeNewswire · November 10, 2023
Lilium and Michelin Announce the Development and Serial Production of Lilium Jet Tires
MUNICH, Germany and PARIS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing ("eVTOL") jet, and Michelin today announced a partnership for the Lilium Jet’s tires. Lilium and Michelin began working together more than a year ago to develop and produce custom tires for the Lilium Jet and have now signed a final agreement covering design, serial production, and support. The partnership leverages Michelin’s 100 plus years of experience working with the aeronautical industry to deliver an innovative tire solution that meets the safety weight, and reliability requirements for the revolutionary Lilium Jet. The first tires are expected to be delivered to Lilium facilities this month.
By Lilium GmbH · Via GlobeNewswire · November 9, 2023
Lilium to Lift the Lid on the Power behind its revolutionary eVTOL Jet
Webinar and Live Q&A with Co-Founder Daniel Wiegand on November 10, 2023
By Lilium GmbH · Via GlobeNewswire · November 2, 2023
ArcosJet Appointed Authorized Dealer for Lilium Jet in the Middle East
DUBAI, United Arab Emirates, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet, has signed an agreement that appoints ArcosJet DMCC (“ArcosJet”), a Dubai-based leader in business aircraft brokerage, as the exclusive authorized dealer for private sales of the Lilium Jet in the United Arab Emirates (UAE), Israel, and the Republic of Cyprus. The agreement includes a commitment fee payment to Lilium and grants ArcosJet exclusivity on private sales. With this agreement, ArcosJet becomes Lilium’s first reseller in the Middle East and its fifth dealer globally.
By Lilium GmbH · Via GlobeNewswire · October 31, 2023
Lilium Jet Becomes First eVTOL for Private Sale in the U.S. in Pioneering Partnership with EMCJET
HOUSTON, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has today opened private sales of its eVTOL jets in the U.S. market, in partnership with EMCJET, an industry-leading full-service aircraft brokerage and management company. EMCJET is set to be the exclusive Lilium dealer in Texas through 2030 for private sales. Under the terms of the partnership, which includes a commercial commitment to Lilium for five production slots, EMCJET will enable individuals to purchase some of the first Lilium Pioneer Edition Jets available in the U.S. market. This announcement is the first step in unlocking the U.S. private aviation market, the largest private aviation market, for Lilium and follows Lilium’s commercial strategy to start in the premium market before expanding to the airline and passenger shuttle market.
By Lilium GmbH · Via GlobeNewswire · October 18, 2023
First high voltage electrical harnesses roll off the line for the all-electric Lilium Jet
MUNICH, Germany, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that the first high-voltage electrical harnesses for the Lilium Jet have been completed. The announcement marks another important achievement on the path to first assembly, industrialization, and entry into service of the revolutionary Lilium Jet.
By Lilium GmbH · Via GlobeNewswire · October 12, 2023
Lilium Starts Assembly of the Lilium Jet’s Revolutionary Electric Propulsion System
MUNICH, Germany, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it is starting assembly of the Lilium Jet’s revolutionary electric propulsion system at its dedicated propulsion facility located next to its headquarters in Wessling, Germany. The announcement marks another exciting milestone on the targeted path towards industrialization and commercial entry into service of the Lilium Jet and reconfirms Lilium’s roadmap towards achieving first manned flight of the aircraft in late 2024.
By Lilium GmbH · Via GlobeNewswire · September 26, 2023
Lilium Marks Significant Milestone with the Commencement of Fuselage Assembly for its Lilium Jet
MUNICH, Germany, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced that it has achieved a significant development milestone with the commencement of fuselage assembly for the Lilium Jet, which remains on track for expected first manned flight planned in late 2024. Start of fuselage assembly serves as another tangible manifestation of Lilium’s strategic roadmap, demonstrating Lilium’s ability to progress from vision to execution. This is the first of seven fuselages for the seven aircraft Lilium will use to achieve type-certification of the Lilium Jet.
By Lilium GmbH · Via GlobeNewswire · September 19, 2023
Lilium and Saint-Gobain Aerospace Team Up on Bespoke Windows and Windshields
MUNICH, Germany, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, and Saint-Gobain Aerospace today announced a supplier partnership for the development, series production, and customer support of the Lilium Jet’s transparencies (windows and windshields). The agreement between Lilium and Saint-Gobain Aerospace, which follows extensive collaboration, will leverage advanced solutions to meet the highest aircraft safety requirements and deliver an unparalleled experience for the Lilium Jet’s passengers.
By Lilium GmbH · Via GlobeNewswire · September 7, 2023
Lilium releases Q2 2023 Shareholder Letter
MUNICH, Germany, July 25, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Q2 2023 Shareholder Letter. The Shareholder Letter, which discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website.
By Lilium GmbH · Via GlobeNewswire · July 25, 2023
Lilium Announces July 25 Release of Q2 2023 Shareholder Letter
MUNICH, Germany, July 19, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing jet, announced that it plans to release its Second Quarter Fiscal Year 2023 Shareholder Letter before market open on Tuesday, July 25, 2023.
By Lilium GmbH · Via GlobeNewswire · July 19, 2023
Lilium Successfully Arranges $192 M Capital Raise Supported by Leading German Technology Investors
MUNICH, Germany, July 18, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing jet, announced today that it has successfully arranged a capital raise for a total amount of $192 million.
By Lilium GmbH · Via GlobeNewswire · July 18, 2023
Lilium Announces Pricing of Upsized $192 Million Financing
Financing sees meaningful insider participation and is incremental to $100 million received in May
By Lilium GmbH · Via GlobeNewswire · July 14, 2023
Lilium Announces Launch of Offering of Class A Shares
MUNICH, Germany, July 13, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing jet, announced today that it has launched an underwritten public offering of the Company's Class A ordinary shares (the “Shares”), as well as a concurrent private placement offering of Shares and warrants to purchase Shares led by Earlybird Venture Capital and including BIT Capital, UVC Partners and Frank Thelen, as well as multiple Lilium Board members and senior executives (the “PIPE”). In addition, pursuant to the purchase agreement dated May 1, 2023 between the Company and Aceville Pte. Limited, an affiliate of Tencent Holdings Limited (“Aceville”), Aceville will fund an additional $75.0 million to partially prepay against the total exercise price of the warrants issued under such agreement, assuming that the underwritten public offering and the concurrent PIPE generate at least $75.0 million of gross proceeds.
By Lilium GmbH · Via GlobeNewswire · July 13, 2023
Lilium completes final audit in major step towards achieving EASA Design Organization Approval
MUNICH, Germany, July 06, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing jet, announced today that it has successfully completed the fourth and final Design Organization Approval (“DOA”) audit by the European Union Aviation Safety Agency (“EASA”).
By Lilium GmbH · Via GlobeNewswire · July 6, 2023
FAA Issues G-1 for Lilium Jet, making Lilium only eVTOL manufacturer with EASA and FAA certification basis for a powered lift eVTOL aircraft
MUNICH, Germany, June 26, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it has received the Federal Aviation Administration (FAA) G-1 Certification Basis necessary for type certificate validation of its Lilium Jet by the FAA. In 2020, Lilium’s primary airworthiness authority, the European Union Aviation Safety Agency (EASA), issued its certification basis for the Lilium Jet.
By Lilium GmbH · Via GlobeNewswire · June 26, 2023
Lilium and UrbanV to collaborate on vertiports in Italy, the French Riviera and beyond
Partnership will support electrification of premium tourist routes in the regions with vertiport infrastructure for Lilium aircraft and customers
By Lilium GmbH · Via GlobeNewswire · June 20, 2023
Lilium signs agreement with Heli-Eastern for the purchase of Lilium Jets and the development of premium eVTOL services in China
• The two companies will jointly develop eVTOL services across the Guangdong-Hong Kong-Macao Greater Bay Area
By Lilium GmbH · Via GlobeNewswire · June 18, 2023
Bao'an District of Shenzhen municipality and Lilium partner for eVTOL service in China
By Lilium GmbH · Via GlobeNewswire · June 18, 2023
Lilium releases Q1 2023 Shareholder Letter
MUNICH, Germany, May 24, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Q1 2023 Shareholder Letter. The Shareholder Letter, which discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website.
By Lilium GmbH · Via GlobeNewswire · May 24, 2023
ASL Group doubles down on sustainable air mobility, signs agreement for delivery of six Lilium Pioneer Edition Jets
GENEVA, May 24, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing jet, today announced that it has signed an agreement with Benelux-based business jet operator ASL Group for the delivery of six Lilium Pioneer Edition Jets. The agreement, which includes deposit payments to Lilium, converts an earlier Memorandum of Understanding between the two companies, disclosed last year during the Farnborough International Airshow.
By Lilium GmbH · Via GlobeNewswire · May 24, 2023
Lilium signs agreement with Air-Dynamic to serve Switzerland and Italy
Partnership includes a firm commitment for up to five Lilium Jets with pre-delivery payments
By Lilium GmbH · Via GlobeNewswire · May 22, 2023
Lilium Announces May 24 Release of Q1 2023 Shareholder Letter
MUNICH, Germany, May 15, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (“Lilium”) (NASDAQLILM) today announced that it plans to release its First Quarter Fiscal Year 2023 Business Update before market open on Wednesday, May 24, 2023.
By Lilium GmbH · Via GlobeNewswire · May 15, 2023
Lilium and FlightSafety International Sign Flight Simulator and Training Agreement
MUNICH, Germany, May 11, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet, has agreed to partner with premier professional aviation training company, FlightSafety International (FSI).
By Lilium GmbH · Via GlobeNewswire · May 11, 2023
Lilium Jet enters powered test campaign at Europe’s largest wind tunnel facility
MUNICH, Germany, May 04, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQLILM), developer of the first all-electric vertical take-off and landing jet, today announced the start of wind tunnel testing on a complete 1 to 2.5 scale (40% size) Lilium Jet model, including working engines and flap actuators, at the German-Dutch Wind Tunnels (DNW) facility in Marknesse, Netherlands.
By Lilium GmbH · Via GlobeNewswire · May 4, 2023