Saudia Group and Lilium Sign Binding Sales Agreement For 50 Jets, With Options For Purchase Of 50 More
Portfolio Pulse from Benzinga Newsdesk
Saudia Group and Lilium have signed a binding sales agreement for 50 eVTOL jets, with options for 50 more. This agreement is the largest of its kind in the MENA region and marks a significant industry milestone. Saudia Private will manage operations, with the first jets expected in 2026.
July 18, 2024 | 9:02 am
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Lilium has signed a binding sales agreement with Saudia Group for 50 eVTOL jets, with options for 50 more. This is the largest firm order of eVTOL aircraft in the MENA region, marking a significant milestone for Lilium.
The binding sales agreement with Saudia Group for 50 eVTOL jets, with options for 50 more, represents a significant milestone for Lilium. This is the largest firm order of eVTOL aircraft in the MENA region, which is likely to positively impact Lilium's stock price in the short term.
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