Lilium N.V. (NASDAQ: LILM), 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.
ArcosJet and Lilium intend to jointly announce
further details of their partnership at this year’s Dubai Airshow,
which is taking place from November 13th to November 17th. The
companies also plan to jointly showcase the Lilium Jet at the
event.
“At ArcosJet, we appreciate Lilium’s mission as
we see tremendous potential in the emerging eVTOL market—especially
for jet-powered aircraft, and we are grateful that Lilium is
partnering with us. We are sure that combining our experience in
selling conventional aircraft with the economic and
sociodemographic characteristics of UAE, Israel, and the Republic
of Cyprus can result in the region becoming a leader in the sales
and operation of the revolutionary Lilium Jet,” commented Mikhail
Alenkin, ArcosJet Founder and CEO.
Sebastien Borel, Chief Commercial Officer at
Lilium, says, “The Middle East offers tremendous opportunity for
eVTOLs and we are proud to add a reliable and experienced partner
to sell and operate the Lilium Jet in the region. ArcosJet has an
impressive portfolio of successful deals, profound knowledge within
aircraft fleet management and a huge network of industry
connections to help drive firm orders of our eVTOL jet. A new era
of sustainable aviation is coming and we are proud to be blazing
the trail here alongside our new partners who support our
aspirations toward new technologies and markets.”
The Lilium Jet is an all-electric vertical take-off
and landing jet. It is designed to offer leading capacity, a low
noise profile, high performance, zero operating emissions, and is
purpose-built for regional connectivity. The Lilium Pioneer Edition
Jet is the first planned model of the Lilium Jet and will
comfortably seat four passengers, with an estimated non-stop flight
range of 175 km and speed of 250 kph. The first manned flight for
the type-conforming aircraft is scheduled for late 2024, with type
certification expected in late 2025 and deliveries expected to
begin in 2026.
ArcosJet Contact information for
media:+971 58 674 3641pr@arcosjet.com
Lilium Contact information for
media:Meredith BellVice President, External
Communications+41794325779press@lilium.com
Lilium Contact information for
investors:Rama BondadaVice President, Investor
Relationsinvestors@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable and
accessible mode of high-speed, regional transportation for people
and goods. Using the Lilium Jet, an all-electric vertical take-off
and landing jet, designed to offer leading capacity, low noise, and
high performance with zero operating emissions, Lilium is
accelerating the decarbonization of air travel. Working with
aerospace, technology, and infrastructure leaders, and with
announced sales and indications of interest in Europe, the United
States, China, Brazil, UK, and the Kingdom of Saudi Arabia,
Lilium’s 800+ strong team includes approximately 450 aerospace
engineers and a leadership team responsible for delivering some of
the most successful aircraft in aviation history. Founded in 2015,
Lilium’s headquarters and manufacturing facilities are in Munich,
Germany, with teams based across Europe and the U.S. To learn more,
visit www.lilium.com.
About ArcosJet
Founded in 2014 ArcosJet has become one of the top
business aircraft brokers with strong presence in the Middle East,
Europe, the CIS and worldwide, featuring a portfolio of dozens of
successful international aircraft transactions with a
specialization in large and long-range business jets segment. By
early 2020s the company has expanded its business portfolio to
projects in airline industry, new aircraft dealership, helicopter
& eVTOL operation and infrastructure.
Lilium Forward Looking
Statements
This press release contains certain forward-looking
statements within the meaning of the U.S. federal securities laws,
including, but not limited to, statements regarding (i) Lilium
N.V.’s and its subsidiaries (collectively, the “Lilium Group”)
proposed business and business model, (ii) the markets and industry
in which the Lilium Group operates or intend to operates, (iii) the
expected features and specifications of the Lilium Jet, (iv) the
anticipated timing of the commercialization and launch of the
Lilium Group’s business in phases, including the expected timing
for the first manned flight, receiving type certification, and
initial deliveries of the Lilium Jet, and (v) the Lilium Group’s
partnership with ArcosJet and the prospective sale of Lilium Jets
in the UAE, Israel, the Republic of Cyprus, and globally. These
forward-looking statements generally are identified by the words
“anticipate,” “believe,” “could,” “expect,” “estimate,” “future,”
“intend,” “may,” “on track,” “plan,” “project,” “should,”
“strategy,” “will,” “would” and similar expressions.
Forward-looking statements are predictions, projections, and other
statements about future events that are based on management’s
current expectations with respect to future events and are based on
assumptions and subject to risks and uncertainties that are subject
to change at any time. Actual events or results may differ
materially from those contained in the forward-looking statements.
Factors that could cause actual future events to differ materially
from the forward-looking statements in this press release include
(but are not limited to) the risk that Lilium experiences delays in
obtaining, or fails to obtain, type certification for the Lilium
Jet in Europe, the United States and/or the other markets in which
it conducts or intends to conduct sales activities, as well as
those risks and uncertainties discussed in Lilium N.V.’s filings
with the U.S. Securities and Exchange Commission (the “SEC”),
including in the section titled “Risk Factors” in Lilium N.V.’s
Annual Report on Form 20-F for the year ended December 31, 2022, on
file with the SEC, and similarly titled sections in Lilium’s other
SEC filings, all of which are available at www.sec.gov.
Forward-looking statements speak only as of the date they are made.
You are cautioned not to put undue reliance on forward-looking
statements, and the Lilium Group assumes no obligation to, and
does not intend to, update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/be2b1de4-c6d1-446f-ac78-7581bb72d186
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