Lilium and eVolare confirm the signing of sale and purchase agreements for 4 Lilium Jets, with potential deliveries of up to 12 additional aircraft
May 29 2024 - 2:00AM
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.
The current agreements follow an initial firm agreement between
Lilium and eVolare in 2022, as the parties have been working
together to reinforce their relationship, develop a network of
vertiports in the region, and plan for operations of the aircraft
upon entry into service of the Lilium Jet. This work has led to
binding agreements with potentially up to 16 aircraft being
deployed in the London area.
Dustin Dryden, Founder of eVolare, said: “It
has been a great journey since our first agreement 18 months ago.
Lilium’s ecosystem for eVTOL operations is fantastic: between their
support and services organization – Lilium POWER-ON – their
regulatory support with authorities, and their experience with
ground infrastructure development, we fully trust Lilium to be the
best eVTOL partner and it led us to for the direct purchase of 4
Lilium Jets. eVolare wants to position itself as the leader of
eVTOL in the UK, managing Lilium Jets for our customers but also
operating the aircraft on a scheduled or chartered basis. This is
just the beginning of a major revolution in regional air
mobility.”
Sebastien Borel, CCO of Lilium, added: “eVolare
has a vision, a detailed plan, and a great knowledge of the
vertical market; their expertise helps Lilium tremendously and the
partnership is bearing fruits on both ends. The London area is a
very important market and a great match for our aircraft range and
capabilities. eVolare was our first customer to sign a binding
order and we continue to grow together. I have no doubt that
eVolare will make Lilium extremely successful in the UK”.
Lilium contact information for media:Rainer
Ohler+49 172 489
0353Rainer.ohler.ext@lilium.compress@lilium.com
eVolare contact information for mediaKatie
Guilbert+44 7778 293696marketing@volareaviation.co.uk
Lilium Contact information for investors: Rama
Bondada Vice President, Investor Relations Investors@lilium.com
About LiliumLilium (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, the UK, the United Arab
Emirates, and the Kingdom of Saudi Arabia, Lilium’s 1000+ 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 in Munich, Germany,
with teams based across Europe and the U.S. To learn more,
visit www.lilium.com.
About eVolareeVolare is the UK’s distributor
for the Lilium Pioneer EVTOL jet. It is the subsidiary of Volare
Aviation, one of the UK’s top private aviation companies. eVolare
is set to pioneer the way urban air travel is operated and take to
the skies with a revolutionary new approach to flight. Our mission
is to transform the industry with sustainable, electric aircraft
that reduce carbon emissions and minimize environmental impact. The
Lilium Pioneer jets are designed for efficiency, comfort, and
style, offering a luxurious travel experience while also reducing
our carbon footprint. With a focus on innovation and
sustainability, eVolare is poised to revolutionize the private
aviation industry. Join us in our mission to make sustainable
flight a reality.
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 Lilium Group’s progress towards type
certification (and type certificate validation) of its Lilium Jet
with EASA and the FAA; and (iv) the Lilium Group’s partnership with
eVolare as discussed herein. 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 risk
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’s filings with the U.S. Securities and Exchange
Commission (the “SEC”), including in the section titled “Risk
Factors” in our 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 Lilium 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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