Lilium Bags Firm Order of 20 Lilium Jets from US Operator UrbanLink, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Lilium N.V. (NASDAQ:LILM), an eVTOL jet developer, announced a partnership with UrbanLink to operate Lilium Jets in South Florida. UrbanLink will purchase 20 Lilium Jets, marking the first U.S. airline commitment to eVTOL integration. Financial terms were not disclosed.
May 06, 2024 | 10:32 am
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Lilium N.V. announces a significant partnership with UrbanLink for the operation of 20 Lilium Jets in South Florida, a pioneering move in the U.S. air mobility sector.
The announcement of a firm order from UrbanLink for 20 Lilium Jets is a positive development for Lilium N.V., indicating both commercial interest in its eVTOL jets and potential revenue growth. This partnership could enhance investor confidence in Lilium's business model and its position in the emerging eVTOL market, likely leading to a positive short-term impact on its stock price. The lack of financial terms disclosure might temper immediate investor reaction until more details are available.
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