Philippe Balducchi is CFO of KNDS, one of Europe's largest defense companies Previously: CEO of Airbus Canada, Head of Bombardier C-Series/A220 integration, CFO of Airbus North America Appointment due at EGM on September 18, 2024 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 shareh ...

Key milestone towards verification of safety of flight and type-certification of the Lilium Jet New lab precisely replicates the Lilium Jet's electric powertrain from battery pack to engine MUNICH, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), 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 ...

New research undertaken amongst 4,000 adults across the US, UK, France, and Germany reveals overwhelming concern over air travel's impact on pollution and climate change Consumers say future of transport must be lower cost, more reliable and more sustainable Respondents across all countries look favorably on eVTOL aircraft 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 countr ...

Core Insights - A significant 65% of consumers across the US, UK, France, and Germany believe that air travel must become sustainable, indicating a strong demand for clean aviation solutions [1][2] - The survey highlights a favorable perception of eVTOL aircraft, with 61% of respondents expressing interest in trying such innovative transport options [3][4] Consumer Concerns and Preferences - 73% of respondents are concerned about traditional aviation's contribution to pollution, with the highest concern in Germany at 76% [3] - 70% of consumers are worried about aviation's role in climate change, reflecting a growing awareness of environmental issues [4] - Cost is the most important factor for travel plans, prioritized by 54% of respondents, followed by comfort (46%) and convenience (39%) [7][8] Travel Method Preferences - For a journey of approximately 100 miles, cars are the most popular choice, but US respondents favor air travel as their second option over trains and buses [6] - Popular scenarios for travel include holidaying (29%), exploring within the country (28%), and regional exploration (23%) [7] Awareness and Enthusiasm for eVTOL - Only 21% of respondents are aware of eVTOL aircraft, but this group shows a higher enthusiasm for electric aviation, with 67% believing it is the future of air travel [9][10] - Those familiar with eVTOL are more likely to consider switching from other transportation modes, indicating potential for growth in this market segment [10] Industry Implications - The findings suggest a need for increased support for electric aviation in Europe and the US, as the demand for sustainable transport options is evident [11] - Lilium, a key player in the eVTOL market, has over 100 binding orders, positioning itself to capitalize on the growing interest in regional air mobility [11]

With the signing of the MoU, the parties will collaborate to launch a vertiport network with operators of the Lilium Jet as soon as 2027. SEA will contribute as majority shareholder, providing airport management capability and deep knowledge of the region's aviation and infrastructure ecosystem. Skyports will provide its industry-leading expertise and experience in the development and integration of vertiport infrastructure, working closely with SEA on the operation of the vertiports. Lilium brings aircraft ...

Core Points - The partnership between the Saudi Arabian General Authority of Civil Aviation (GACA) and Lilium N.V. aims to develop regulations for electric vertical take-off and landing (eVTOL) operations in Saudi Arabia, with a target operational entry in 2026 [3][8] - A joint Working Group will be established to address regulatory, legislative, and procedural aspects necessary for the implementation of Innovative Air Mobility (IAM) in Saudi Arabia [2][8] - Lilium's expertise in aviation regulation will support GACA in creating a robust regulatory framework for eVTOL operations, aligning with Saudi Arabia's Vision 2030 [5][9] Regulatory Framework - The joint Working Group will focus on infrastructure, air operations, airworthiness, and airspace integration to facilitate the introduction of regional electric air mobility [1][8] - Lilium has extensive experience in regulatory development through participation in various international aviation working groups, which will be leveraged in this collaboration [4][8] - The agreement reflects GACA's commitment to advancing innovative air mobility solutions and ensuring safe and efficient eVTOL operations [9] Industry Context - Saudi Arabia recognizes the growth potential of eVTOL and aims to integrate these new transport modes into existing traffic and airspace structures by 2026 [8] - Lilium is positioned as a leader in the electric aircraft sector, focusing on sustainable and accessible high-speed regional transportation [6][10] - The collaboration with GACA is part of Lilium's broader strategy to establish a presence in key international markets, including the Middle East [10]

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. The digital suite includes flight planning and aircraft performance ground and Electronic Flight bag solutions, a customer portal with access to technical ...

The firm order for 50 Lilium jets, with an option for 50 more, is the largest commitment in the eVTOL sector by an airline operator Saudia Group leads the aviation industry in the MENA region with the first agreement for the purchase of eVTOL jets This sales agreement, which follows the Memorandum of Understanding between Saudia Group and Lilium signed in October 2022, marks the largest of its kind in the MENA region and represents an important industry milestone as the largest reported firm order of eVTOL ...

A big potential customer is reportedly ready to firm up its order. Air taxi start-up Lilium (LILM 5.47%) has reportedly secured a firm order from a state-owned Saudi Arabian airline. Investors appreciate the vote of confidence, sending Lilium shares up about 10% as of 11:30 a.m. ET. Lilium is one of several start-ups working to develop and commercialize so-called "eVTOL" airframes, shorthand for electric vertical takeoff and landing planes. The aircraft are designed to take off and land like a helicopter, f ...

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 ...