ArcosJet and Lilium Announce Purchase of 10 eVTOL Jets
Portfolio Pulse from Benzinga Newsdesk
ArcosJet DMCC has purchased 10 all-electric eVTOL jets from Lilium N.V. (NASDAQ:LILM), with deliveries expected in 2026 and 2027. This follows ArcosJet's appointment as an exclusive dealer for the Lilium Jet in the Middle East. The Lilium Pioneer Edition Jet features a spacious 4-seat cabin, low-noise, high-speed travel with zero operating emissions, and comes with maintenance, pilot training, and charging stations.
November 13, 2023 | 9:19 am
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Lilium N.V. has secured a purchase agreement with ArcosJet for 10 eVTOL jets, with deliveries slated for 2026-2027, marking a significant sales milestone and expansion into the Middle East market.
The purchase agreement for 10 eVTOL jets is a positive development for Lilium N.V., indicating both a successful sale and a strategic expansion into a new market. This is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on LILM's stock price. The confidence in this analysis is high due to the direct involvement of the company in the deal and the clear potential for future revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100