UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934
For the month of July, 2024
Commission File Number 001-40736
Lilium N.V.
(Translation of registrant’s name into English)
Galileostraße 335
82131 Gauting, Germany
Telephone: +49 160 9704 6857
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨
CONTENTS
On July 18, 2024, Lilium N.V.
(“Lilium”) published a press release announcing that is has signed a binding sales
agreement with Saudi Arabian Airlines Corporation (“Saudia”) for 50 Lilium Jets, with
an option for 50 additional jets. This binding sales agreement follows the Memorandum of Understanding between Saudia Group and
Lilium signed in October 2022. The sale is the largest of its kind in the MENA region and an important eVTOL industry milestone.
A signature ceremony was held
at Lilium’s headquarters in Gauting, near Munich, Germany on July 18. The contract was signed by Fahd Al-Jarbou, CEO of Saudia Private,
representing Saudia Group, and Lilium's CEO Klaus Roewe. Lilium believes this is the largest binding order for eVTOL aircraft outside
the United States and the largest eVTOL order worldwide by an airline operator.
The agreement includes a schedule
of deposit and pre-delivery payments (“PDPs”), timeline of future deliveries, guarantees on aircraft performance, and provisions
on spare parts, maintenance and repairs. In addition, the parties intend to sign a comprehensive “Lilium POWER-ON” agreement
for aircraft fleet maintenance and support services. The
agreement provides for 50 Lilium Jets to be delivered in batches over four years starting in 2026, with certain of the batches subject
to customary confirmation or cancellation rights at specified intervals. Lilium’s receipt of and access to PDPs to be paid pursuant
to this agreement will depend upon achievement of agreed milestones and certain financial thresholds.
Saudia announced that its
acquisition of the Lilium Jets is for the purpose of enhancing connectivity by providing seamless first and last leg connections into
Saudia Group’s regional hubs, and new point-to-point city connections, such as Jeddah to Makkah, which it expects to reduce travel
times by up to 90%. Saudia Group expects to receive the first jets in 2026, for which operations will be managed and run by Saudia Private,
a subsidiary of Saudia Group. The Lilium Jet will feature large, premium cabins with capacity for up to six passengers plus luggage.
Prior to commercialization,
Saudia Group will provide strategic support in Lilium’s certification process with the General Authority of Civil Aviation (GACA),
Saudi Arabia’s aviation regulatory agency.
This purchase agreement with
Saudia Group marks the latest addition to Lilium’s extensive order pipeline that now consists of 106 firm orders and reservations,
76 options, and roughly 600 aircraft under MOU. Lilium is in advanced discussions with additional global carriers that are looking to
reduce carbon emissions and electrify regional air travel.
The press release is furnished as Exhibit 99.1
to this Report on Form 6-K.
Lilium
is furnishing in this Report on Form 6-K Exhibit 99.2, which provides an update regarding certain parts of the Company’s public
presentation that will change as result of the information in this Report.
Incorporation by Reference
The contents of this Report
on Form 6-K (other than the Exhibits attached hereto) are hereby incorporated by reference into the Company’s registration
statements on Form F-3 filed with the SEC on June 14, 2024 (File No. 333-280219), May 3, 2024 (File No. 333-279113), November 24, 2023
(File No. 333-275742), September 18, 2023 (File No. 333-274550), June 9, 2023 (File No. 333-272571), November 25, 2022, as amended or
supplemented (File No. 333-268562), and October 3, 2022, as amended or supplemented (File Nos. 333-267718 and 333-267719), and the Company’s
registration statements on Form S-8 filed with the SEC on November 18, 2021 (File No. 333-261175) and March 21, 2024 (File No. 333-278148).
Forward-Looking Statements
The
information contained in this Report on Form 6-K and the Exhibits attached hereto contain 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 intends to
operate, (iii) the manner in which Lilium expects to continue to fund its operations, (iv) the expected features and
specifications of the Lilium Jet, (v) the anticipated timing of the commercialization and launch of the Lilium Group’s
business, including the expected timing for the first piloted flight, receiving type certification, and initial deliveries of the
Lilium Jet, (vi) the Lilium Group’s agreement with Saudia for the purchase of 50 Lilium Jets, with an option for the
customer to purchase an additional 50 Lilium Jets, and the potential for PDPs and Lilium’s
ability to access and utilize such PDPs and the proposed development and operation of an eVTOL network in the customer’s
regional hubs, and (vii) the timing and completion of signing a comprehensive agreement for aircraft fleet maintenance and
support services with the customer and the future revenue streams expected therefrom. 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 are 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 Report on Form 6-K and the Exhibits attached hereto 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 applicable jurisdictions and/or the other markets
that 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, 2023, 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.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| Dated: July 18, 2024 |
Lilium N.V. |
| |
|
|
| |
By: |
/s/ Klaus Roewe |
| |
|
Name: |
Klaus Roewe |
| |
|
Title: |
Chief Executive Officer and Executive Director |
EXHIBIT INDEX
Exhibit 99.1
Saudia Group
Signs Industry-Leading Sales Agreement With Lilium to Acquire Up to 100 eVTOL Jets
| · | 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 |
Munich, Germany, July
18, 2024: Saudia Group and Lilium N.V.
(NASDAQ: LILM), 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.
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 aircraft by an airline that plans to operate the aircraft.
It signals a substantial commitment to electric aviation from a world-leading operator, as well as a clear preference towards the superior
performance, economics, and passenger experience expected to be provided by the Lilium Jet.
The agreement includes a schedule of deposit and
pre-delivery payments, timeline of future deliveries, guarantees on aircraft performance, and provisions on spare parts, maintenance,
and repairs. In addition, the parties intend to sign a comprehensive “Lilium POWER-ON” agreement for aircraft fleet maintenance
and support services.
H.E. Engr. Ibrahim Al-Omar, Director General
of Saudia Group, commented at the signing event: “Saudia Group is proud to pioneer the MENA region as the first company
to acquire all-electric eVTOL jets, which reflects our commitment to continuously reducing our carbon footprint and becoming an industry
leader in regional electric aviation. We recognize the critical role that Lilium is positioned to play in enabling us to deliver a sustainable
premium aviation experience and transport our guests even closer to their destination. This agreement amplifies our commitment to the
Saudi Vision 2030 and is the result of a collaborative effort over the past years between Lilium and Saudia Group to explore how we can
best bring eVTOL to the skies of Saudi Arabia. We are looking forward to the journey ahead.”
He added: “The eVTOL jets are revolutionizing
guest transportation. Their unique vertical take-off and landing capabilities open up entirely new routes. Imagine traveling up to 175
kilometers at speeds of 250 kilometers per hour, saving valuable time compared to traditional options. This technology also tackles traffic
congestion head-on. Business travelers and exhibition attendees will benefit tremendously from the ease and speed of electric aircraft,
allowing them to seamlessly attend and participate in events. These innovative vehicles will also be a game-changer for tourism, sports,
and entertainment, offering a premium travel experience for these exciting destinations."
Through this agreement, Saudia Group
continues its ambitious objective to bring the world to the Kingdom by deploying its fleet of advanced eVTOL jets. This initiative
enhances connectivity by providing seamless first and last leg connections into Saudia Group’s regional hubs and new
point-to-point city connections, such as Jeddah to Makkah, expected to reduce regional travel times by up to 90%. These jets will
support Hajj and Umrah pilgrimages, offer faster access to key sports and entertainment events in Riyadh, and unlock new
possibilities for exploring hard-to-reach tourist destinations across the Kingdom. Additionally, business travelers attending
conferences and events will benefit from improved access and swift transportation. The eVTOL jets are anticipated to increase flight
frequencies and decrease traffic congestion, providing a fast and convenient alternative for reaching various destinations within
the Kingdom.
Saudia Group expects to receive the first jets
in 2026, for which operations will be managed and run by Saudia Private, a subsidiary of Saudia Group. The Lilium Jet will feature large,
premium cabins with capacity for up to six passengers plus luggage. It will deliver the Saudia premium experience that is deeply valued
by the airline’s guests.
Prior to commercialization, Saudia Group will
provide strategic support in Lilium’s certification process with the General Authority of Civil Aviation (GACA), Saudi Arabia’s
aviation regulatory agency.
Klaus Roewe, CEO of Lilium, said: “We
are proud of our partnership with a market leading airline such as Saudia. And we are thrilled to be pioneering progress in the eVTOL
industry as the eVTOL manufacturer with the largest reported firm purchase order from an international airline that plans to operate the
aircraft. The Middle East is a priority for Lilium, and Saudi Arabia will be a very large and exciting market for electric, high-speed
regional air mobility. Our partnership will combine Saudia Group’s significant market knowledge with our unique eVTOL technology
to transform premium class air travel in the GCC region.”
This purchase agreement with Saudia Group marks
the latest addition to Lilium’s extensive order pipeline that now consists of 106 firm orders and reservations, 76 options, and
roughly 600 aircraft under MOU. Lilium is in advanced discussions with additional global carriers that are looking to reduce carbon emissions
and electrify regional air travel.
-ends-
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 1,000+ strong team includes approximately 500 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
outside Munich, Germany, with teams based across Europe and the U.S. To learn more, visit www.lilium.com.
About Saudia Group:
Saudia Group is one of the largest
aviation conglomerates in the MENA region. The Group drives industry development with its 12 subsidiaries and strategic business
units, and offers world-class air transport, cargo services, ground services, logistics, maintenance, catering, private aviation,
real estate, training, and medical services.
Its most prominent subsidiary is Saudi Arabian
Airlines “Saudia”, the national flag carrier of Saudi Arabia and a leading airline in the Middle East with a fleet of 144
aircraft and servicing more than 100 destinations to and from the Jeddah (JDH) and Riyadh (RUH) airports.
Saudia Group also caters to diverse passenger
segments through entities like flyadeal for economy travelers, Saudia Private for elite travelers, and the Saudia Royal Fleet for the
Saudi Arabia Royal Family. Saudia Technic, the Maintenance, Repair, and Overhaul (MRO) division, provides aircraft maintenance and manufacturing
across continents, operating across the MENA region. Saudia Academy, the training arm of the group, is the largest aviation training academy
in the MENA region.
Lilium contact information for Media:
Rainer Ohler
+491724890353
rainer.ohler.ext@lilium.com
press@lilium.com
Lilium Contact information for investors:
Rama Bondada
Vice President, Investor Relations
investors@lilium.com
Media Center Saudia Group:
Saudi Arabian Airlines Headquarters
Jeddah 21231, Kingdom of Saudi Arabia
Email: MediaCenter@saudia.com
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 intends to operate,
(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 Lilium Group’s progress toward type certification (and
type certificate validation) of its Lilium Jet with EASA and the FAA, and (v) the Lilium Group’s agreement
with Saudia Group for the purchase of 50 Lilium Jets, with an option for Saudia Group to purchase an additional 50 Lilium Jets,
the timing of initial deliveries of Lilium Jets, the potential for pre-delivery payments and Lilium’s ability to access and
utilize such, the proposed development and operation of an eVTOL network in the Kingdom of Saudi Arabia and the intended execution
of an agreement for aircraft fleet maintenance and support services. 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, the Kingdom of Saudi Arabia and/or the other markets that 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, 2023, 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.
Exhibit 99.2
Lilium NV (NASDAQ:LILM)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Lilium NV (NASDAQ:LILM)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024
