Global Airport Operator Fraport And Lilium To Collaborate On Development Of Commercial eVTOL Network
Portfolio Pulse from Benzinga Newsdesk
Fraport, the global airport operator, has announced a collaboration with Lilium to develop a commercial eVTOL (electric Vertical Take-Off and Landing) network. This partnership aims to create the infrastructure and operations necessary for the future of urban air mobility. Lilium, which is listed as LILM on the stock exchange, is expected to benefit from this collaboration as it aligns with their core business of developing electric aircraft and mobility services.
January 10, 2024 | 12:32 pm
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Lilium's partnership with Fraport to develop a commercial eVTOL network is a strategic move that could enhance the company's market position in urban air mobility. This collaboration is likely to be viewed positively by investors as it demonstrates progress in Lilium's operational capabilities and infrastructure development.
The collaboration with a global airport operator like Fraport is a significant endorsement for Lilium's technology and business model. It suggests confidence in Lilium's eVTOL aircraft and the potential for future commercial operations. This news is likely to be seen as a positive development for Lilium, potentially leading to increased investor interest and a positive short-term impact on the stock price.
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