Saudia Group Signs Industry-Leading Sales Agreement With Lilium to Acquire Up to 100 eVTOL Jets

July 18, 2024

https://www.globenewswire.com/news-release/2024/07/18/2915099/0/en/Saudia-Group-Signs-Industry-Leading-Sales-Agreement-With-Lilium-to-Acquire-Up-to-100-eVTOL-Jets.html

MUNICH, Germany, July 18, 2024 (GLOBE NEWSWIRE) — 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.

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