Reported Monday, Lilium Collaborates With PhilJets To Bring eVTOLs To Asia, Starting With The Philippines
Portfolio Pulse from Benzinga Newsdesk
Lilium (NASDAQ:LILM) has partnered with PhilJets to introduce eVTOLs in Asia, starting with the Philippines. The collaboration aims to establish high-speed regional air mobility in Southeast Asia, with PhilJets planning to operate 10 Lilium Jets to address transportation challenges in the Philippines.
February 20, 2024 | 8:00 am
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Lilium collaborates with PhilJets to bring eVTOLs to Asia, starting with the Philippines, planning to operate 10 Lilium Jets.
The partnership with PhilJets marks a significant step for Lilium into the Asian market, particularly in the Philippines. Operating 10 Lilium Jets could significantly impact Lilium's market presence and revenue in the region. The strategic collaboration to address transportation challenges with eVTOL technology is likely to be viewed positively by investors, potentially leading to an increase in Lilium's stock price in the short term.
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