Saudia Group Sign Global Agreement To Acquire 50 Lilium Jets With Options To Purchase 50 More; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Saudia Group has signed a global agreement to acquire 50 Lilium jets, with options to purchase 50 more. Financial terms of the deal were not disclosed.
July 18, 2024 | 3:08 pm
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Lilium has secured a significant deal with Saudia Group for the acquisition of 50 jets, with an option for 50 more. This agreement could boost Lilium's market presence and revenue potential.
The acquisition deal with Saudia Group is a major milestone for Lilium, potentially increasing its market presence and revenue. The option for additional jets further strengthens the potential long-term relationship and business growth.
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