Lilium BV

Lilium NV develops all-electric vertical take-off and landing jets. The firm focuses on developing an eVTOL aircraft for use in a new type of high-speed air transport system for people and goods. It uses the Lilium Jet, to offer low noise and high performance with zero operating emissions, and to accelerate the decarbonization of air travel. The company was founded on March 11, 2021 and is headquartered in Wessling, Germany.

Lilium NV engages in developing all-electric vertical take-off and landing jets. The firm focuses on developing an eVTOL aircraft for use in a new type of high-speed air transport system for people and goods. The company was founded by Daniel Wiegand, Sebastian Born, Patrick Nathen and Matthias Meiner in 2015, and is headquartered in Wessling, Germany.

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Yesterday, Lilium confirmed that it has begun building the Lilium Jet. Seven aircraft will be built for use in certification flight testing.

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Lilium (NASDAQ: LILM ) stock is a hot topic among traders on Thursday after the electric vertical takeoff and landing (eVTOL) company announced a partnership with Lufthansa. A press release reveals that the companies have signed a Memorandum of Understanding that may see them explore a strategic partnership.

LILM Stock Alert: Lilium Partners Up With Lufthansa

FRANKFURT, Germany and MUNICH, Germany, Dec. 07, 2023 (GLOBE NEWSWIRE) -- The Lufthansa Group and Lilium (NASDAQ: LILM) 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.

Lufthansa Group and Lilium sign Memorandum of Understanding for strategic partnership

MUNICH, Germany, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), 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.

Lilium Starts Production of the Lilium Jet in Watershed Moment for Sustainable Aviation

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Air taxi firm Lilium has been granted EU approval to design and operate its electric vertical takeoff and landing vehicles globally.

Flying taxi firm Lilium receives EU approval for its electric jets

Lilium NV (NASDAQ: LILM) opened in the green on Monday after receiving approval from the European Union Aviation Safety Agency for its flying taxis. Lilium receives Design Organisation Approval eVTOL – or the electric vertical take-off and landing aircrafts of the German firm are primarily meant for intercity travel.

Lilium secures EU approval for its air taxis

Flying taxi maker Lilium (NASDAQ: LILM ) received European Union approval for the design of its proposed vehicle. This Design Organization Approval from the European Union Aviation Safety Agency (EASA) will let Lilium build and operate electric vertical take-off and landing (eVTOL) craft under Part 21 of the agency's standards.

LILM Stock: Lilium Gets Ready for Takeoff with EU Flying Taxi Approval

MUNICH--(BUSINESS WIRE)--Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it has received Design Organization Approval from its primary regulatory authority, the European Union Aviation Safety Agency (“EASA”). The award marks a major milestone for Lilium, positioning it at the forefront of the industry as a company authorized to hold a type-certificate for an eVTOL aircraft in Europe. Design Organization Approval r.

Lilium Receives EASA Design Organization Approval

COHC and Lilium to jointly launch services in China using Lilium's revolutionary eVTOL jet COHC and Lilium to jointly launch services in China using Lilium's revolutionary eVTOL jet

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MUNICH, Germany, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), 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.

Lilium Partners With Industrial Leader DENSO to Prepare Production Ramp-Up of the Lilium Jet's Innovative Electric Engine

DUBAI, United Arab Emirates, Nov. 13, 2023 (GLOBE NEWSWIRE) -- ArcosJet DMCC and Lilium N.V. (NASDAQ: LILM), 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.

ArcosJet and Lilium Announce Purchase of 10 eVTOL Jets

A unique player in the electric vertical takeoff and landing (eVTOL) aircraft manufacturing industry, Lilium (NASDAQ: LILM ) has been attracting media attention with a pair of key developments. Aimed at bolstering the effectiveness of the underlying air mobility platform, investors are hoping that, over the long run, the news may bolster LILM stock.

LILM Stock Alert: Lilium Announces Partnerships to Boost eVTOL Production

MUNICH, Germany, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), 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.

Lilium Announces Partnership for High-Volume Production of Lilium Jet Battery Cells

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MUNICH, Germany and PARIS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), 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.

Lilium and Michelin Announce the Development and Serial Production of Lilium Jet Tires

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News for Lilium BV Stock (LILM)