Lilium And The Saudi Arabian General Authority of Civil Aviation Sign MoU To Develop And Implement The Required Regulations For eVTOL Operations In Saudi Arabia Beginning In 2026
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Lilium and the Saudi Arabian General Authority of Civil Aviation have signed a Memorandum of Understanding (MoU) to develop and implement regulations for eVTOL operations in Saudi Arabia starting in 2026.
July 22, 2024 | 12:04 pm
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Lilium has signed an MoU with the Saudi Arabian General Authority of Civil Aviation to develop and implement regulations for eVTOL operations in Saudi Arabia starting in 2026.
The MoU with the Saudi Arabian General Authority of Civil Aviation is a significant step for Lilium as it opens up a new market for their eVTOL operations. This partnership could lead to increased revenue and market presence in the Middle East, positively impacting Lilium's stock price in the short term.
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