Why Electric Aircraft Manufacturer Lilium Shares Are Surging Premarket Thursday
Portfolio Pulse from Lekha Gupta
Lilium N.V. (NASDAQ:LILM) shares are surging premarket after entering a definitive sales agreement with Saudia Group for 50 Lilium Jets, with options for an additional 50. This deal, the largest firm order of eVTOL aircraft in the MENA region, includes payment schedules, delivery timelines, and maintenance provisions. Lilium's order pipeline now includes 106 firm orders and reservations, 76 options, and around 600 aircraft under MOU. The first jets are expected to be delivered in 2026.
July 18, 2024 | 11:28 am
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Lilium N.V. shares are up premarket following a significant sales agreement with Saudia Group for 50 Lilium Jets, with options for an additional 50. This deal, the largest eVTOL order in the MENA region, enhances Lilium's order pipeline and solidifies its market position.
The definitive sales agreement with Saudia Group significantly boosts Lilium's order pipeline and market presence. The deal's size and the commitment from a major airline in the MENA region are likely to positively impact Lilium's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100