Saudia Group Orders 50 Electric Lilium Jets, Plus Option for 50 More
Portfolio Pulse from Benzinga Newsdesk
Saudia Group has signed a binding sales agreement with Lilium N.V. (NASDAQ:LILM) for 50 electric Lilium Jets, with an option for 50 more. The agreement was signed at Lilium's HQ in Gauting near Munich.
August 01, 2024 | 8:54 am
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Lilium N.V. has secured a significant order from Saudia Group for 50 electric jets, with an option for 50 more, marking a major milestone in the company's growth and expansion in Regional Air Mobility.
The binding sales agreement for 50 jets, with an option for 50 more, represents a significant revenue opportunity for Lilium N.V. This deal enhances Lilium's market position in Regional Air Mobility and is likely to positively impact its stock price in the short term.
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