Lufthansa Group and Lilium sign Memorandum of Understanding for strategic partnership
December 07 2023 - 7:30AM
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.
Dr. Detlef Kayser, Member of
the Lufthansa Group’s Executive Board, responsible for Fleet &
Technology, says: “Innovation is part of our DNA. The Lufthansa
Group aspires to be a global leader in the integration of
state-of-the-art products and processes. We want to develop
aviation further and drive the transformation of the industry. This
Memorandum of Understanding with Lilium will make an important
contribution to this. Only with innovation, courage and
determination can we, as an industry, make aviation more
sustainable and master the challenges of the future.”
Klaus Roewe, CEO of Lilium,
comments: “We are delighted that the Lufthansa Group has decided to
cooperate with us to jointly advance in the future of flying. The
Lufthansa Group has been at the forefront of some of Europe’s most
important aviation initiatives, especially in the area of
environmental sustainability. We are thrilled to explore
opportunities on bringing eVTOL flights to Lufthansa Group
customers.”
As Lilium announced yesterday, the company has
begun production of its Lilium Jet. According to Lilium’s internal
projections, the European market is expected to account for a
demand of around 9,200 eVTOL aircraft through 2035.
With a current fleet of over 700 commercial
aircraft, the Lufthansa Group is pursuing a long-term fleet
strategy aimed at cost-efficiency and reduced emissions. The
Lufthansa Group’s latest aircraft acquisitions have up to 30
percent lower fuel consumption and CO2 emissions compared with
predecessor models. The Lufthansa Group aims to cut its net carbon
emissions in half by 2030 on its path to becoming carbon-neutral by
2050.
Lilium
Contact information for media:Meredith BellVice
President, External Communications+41794325779press@lilium.com
Contact information for investors:Rama
BondadaVice President, Investor Relationsinvestors@lilium.com
Lufthansa GroupContact information for
media:
Media RelationsLufthansa GroupPhone +49 69 696
2999lufthansa-group@dlh.dehttp://newsroom.lufthansagroup.com/http://lufthansagroup.com/responsibility
Follow us on X: @lufthansaNews
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, United Arab Emirates, 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.
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 anticipated timing of the industrialization,
commercialization and launch of the Lilium Group’s business in
phases, (iv) the Lilium Group’s partnership with the Lufthansa
Group as described herein, (v) the expected results of the Lilium
Group’s business and business model, including when launched in
phases, and (vi) the Lilium Group’s internal projections and
estimates with respect to the potential demand for eVTOL aircraft
in Europe. 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 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.
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