Articles from Lilium GmbH

MUNICH, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Lilium GmbH (“Lilium”), a pioneering electric aircraft manufacturer, today confirms that the KPMG-led M&A process aimed at delivering the company’s financial restructuring continues. In parallel, Lilium reports continuing program momentum both on the commercial and technology side as the company gears up towards first manned flight of the all-electric Lilium Jet.

MUNICH, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), announces that it has appointed KPMG to conduct an open, transparent and fair M&A process. First investor briefings will start soon.

MUNICH, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (the “Company” or “Lilium”), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), on Tuesday, October 29, 2024, announced in a Form 6-K filed with the Securities and Exchange Commission that the Company received a written notice from the staff of the Nasdaq Listing Qualifications Department (the “Staff”) on October 28, 2024, following the applications of Lilium GmbH and Lilium eAircraft GmbH, the principal operating wholly-owned German subsidiaries of Lilium (the “Subsidiaries”), for insolvency in the local court of Weilheim in Germany and self-administration proceedings pursuant to Section 270(a) of the German Insolvency Code, notifying the Company that, in accordance with Nasdaq Listing Rule 5101, the trading of the Company’s Class A ordinary shares and warrants will be suspended at the opening of business on November 6, 2024, and a Form 25 Notification of Delisting will be filed with the U.S. Securities Exchange Commission (the “SEC”) to delist the Company’s securities from the Nasdaq Global Select Market (“Nasdaq”).

MUNICH, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced that its principal German subsidiaries will apply for self-administration proceedings in the next few days with the competent court in Germany. This follows a lengthy and complex government approval process for a loan from KfW, which failed in the Budget Committee of the German parliament.

LAS VEGAS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- With eVTOLs on the cusp of taking off commercially in the coming years, GE Aerospace is partnering with Lilium, a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), to build a solid safety foundation for this exciting new mode of travel. The two companies are bringing together their respective flight data and analytics platforms to build scalable flight data management solutions that inform the right safety standards and guidelines for eVTOL operators.

MUNICH, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has completed the first systems power-on milestone of its revolutionary all-electric Lilium Jet. The successful test procedure on the first in-production Lilium Jet, MSN 1, represents a significant achievement on the path to first flight and certification. This test confirms that the aircraft is being built in accordance with Lilium’s platform design and the flight systems are functioning correctly.

HOUSTON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), is today debuting the Lilium Jet, the world's first fully electric jet that can take off and land vertically, to the U.S. market. The Lilium Jet is designed and optimized for regional travel with an aerodynamic shape and ducted electric fans that prioritize efficiency and speed during forward flight. With an anticipated initial operating range of roughly 110 miles, the Lilium Jet will be capable of quickly connecting Houstonians to the broader region, with routes like Houston Hobby Airport to Galveston, Houston Spaceport to College Station, The Woodlands to Galveston, and others. Galaxy FBO’s Houston-area facilities at Houston Hobby, Conroe North Houston Regional Airport, and The Woodlands Heliport will be key infrastructure for Lilium Jet operators in the Houston area.

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 shareholders (EGM) on Wednesday, September 18, 2024. The company intends to appoint Philippe Balducchi as a non-executive member of the Board, while Barry Engle and Henri Courpron, who have served as non-executive directors, do not plan to stand for re-appointment following the completion of their terms.

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 represents a key milestone on the path to flight conditions approval and type-certification of the revolutionary Lilium Jet. It means that, while the first two Lilium Jets take shape on the production line, engineers are already verifying the design of the aircraft’s core powertrain functionalities that will support certification according to EASA’s SC-VTOL rules.

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 countries calling for change.

FARNBOROUGH, United Kingdom, July 24, 2024 (GLOBE NEWSWIRE) -- Groupe ADP and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced a partnership to collaborate on infrastructures for the Lilium Jet in Europe, the Middle East, and Asia. Groupe ADP, which operates and develops 23 airports around the globe with its two major partners TAV Airports and GMR Airports, will work with Lilium to make its vertiports accessible to Lilium’s customers.

New partnership brings together aircraft manufacturer, infrastructure specialist, and airport operator to develop eVTOL network in Lombardy

FARNBOROUGH, United Kingdom, July 22, 2024 (GLOBE NEWSWIRE) -- The Saudi Arabian General Authority of Civil Aviation (GACA) and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today signed a memorandum of understanding (MoU) at the Farnborough International Airshow to develop and implement the required regulations for eVTOL operations in the Kingdom of Saudi Arabia beginning in 2026.

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.

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.

MUNICH, July 17, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today confirmed its delivery schedule allowing first customer deliveries in 2026 and provided additional program details. This confirmation is based on a recent program review that considered the testing and validation requirements needed prior to first manned flight, which is now scheduled for early 2025, and the readiness of its support organization and training devices for its customers.

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. The tests performed have demonstrated the expected level of performance and reliability, bolstering Lilium’s confidence in the maturity of its electric jet propulsion system.

MUNICH, Germany, June 11, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has released its Q1 2024 Shareholder Letter. The Shareholder Letter discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet and can be accessed on the Lilium investor relations website. 

MUNICH, Germany, June 10, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), has signed a collaboration agreement with the Shenzhen-based Bao’an District. Under the agreement, Lilium has established its [APAC] regional headquarters in the district by way of its recently created Chinese entity (力翎航空), meaning “Powerful Wing”.

MUNICH, June 03, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (“Lilium” or the “Company”) (NASDAQ: LILM) today announced that it plans to release its First Quarter 2024 Shareholder Letter on June 11, 2024, before market open.

MUNICH, Germany, May 29, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), announced today that it has successfully concluded its previously announced capital raise, resulting in $114 million of new gross proceeds. The net proceeds from this capital raise provide additional capital needed to support Lilium’s operations to achieve the first manned flight test of the Lilium Jet, targeted to occur in late 2024.

LONDON and MUNICH, Germany, May 29, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), and eVolare, a subsidiary of Volare Aviation, one of the United Kingdom’s largest helicopter and private jet operators, announced the signing of binding sale and purchase agreements for the acquisition of 4 Lilium Jets. The purchase agreements include delivery schedules, guarantees, and warranties along with deposits and pre-delivery payments. The parties have also agreed on terms for the reservation of up to an additional 12 Lilium Jet production slots for eVolare and its customers. Based in Oxford, UK, eVolare plans to operate Lilium Jets in the London area, connecting London with outer cities and the coastal areas of England.

GENEVA and MUNICH, Germany, May 29, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), today announced an expansion of its partnership with Luxaviation Group, one of the largest business aircraft and helicopter operators worldwide.

ROME and NICE, France and MUNICH, Germany, May 28, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), UrbanV, the Italian vertiport network operator, and Aéroports de la Côte d’Azur (ACA), managing Nice Côte d’Azur airport, the second largest airport place in France, along with the airports of Cannes Mandelieu and Golfe de Saint-Tropez, today announced plans to bring Lilium Jet flights to the South of France starting in 2026. A new network will connect the French Riviera with key destinations throughout Southern France including Monaco, Nice, Cannes, Golfe de Saint-Tropez, Aix-en-Provence, and Marseille.

Financing sees meaningful participation from existing shareholders and company insiders, propelling Lilium towards first manned flight of the Lilium Jet targeted for late 2024