Lilium Jet

Investing in the Electric Aircraft Revolution

Retrieved on: 
Wednesday, April 3, 2024
Aircraft, EPS, Airbus CityAirbus, Transport, CAE Inc., Eye, CAE, Nextgen, USD, Pratt & Whitney, Partnership, Air travel, Joby, Macquarie Infrastructure Corporation, MacDill Air Force Base, City, Lilium Jet, UAM, USSOCOM, Joby Aviation, Safety, Compound annual growth rate, KULR, Advanced Air Mobility, United States Air Force, Strategic planning, CENTCOM, EASA, Eviation Alice, Research, News, Lilium, EHang, AMC, TRS, Air Mobility Command, Spacecraft, United States Central Command, Growth, FBO, Aviation, AAM, Airline

According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.

Key Points: 
  • According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.
  • KULR Technology Group, Inc. (NYSE American: KULR), betting on the electrification of everything, will play a key role in the safety of the electric aircraft future.
  • From startups like Eviation with their Alice aircraft to major players like Airbus and their E-Fan X project, the race is on to develop viable electric planes.
  • Some smaller electric aircraft are already taking to the skies for test flights ."

Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

Retrieved on: 
Tuesday, April 2, 2024
Aircraft, Midnight, Failure, Noise, ACHR, Transport, CAE Inc., Carbon, CAE, USD, Pratt & Whitney, Archery, Partnership, Air travel, Joby, PALM, Economic development, Macquarie Infrastructure Corporation, City, Lilium Jet, Joby Aviation, Safety, KULR, Advanced Air Mobility, EASA, Medicine, News, Acquisition, Adjustment, Lilium, TRS, Engineering, Dayton International Airport, Spacecraft, The Company, FBO, Aviation, Blade, Airport, Airline

It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.

Key Points: 
  • It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.
  • Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly.
  • Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions.
  • Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development.

Lilium Begins Integration of Garmin Standby Flight Instruments for the Lilium Jet

Retrieved on: 
Tuesday, April 2, 2024
Certification, Garmin, EASA, Acceleration, Attitude, Aviation, Lilium, Lilium Jet, Safety, Government, Airline

The deliveries, which follow the multi-year supplier contract signed by Lilium and Garmin in 2023, will be integrated into the first Lilium Jets being produced and the Lilium Jet flight simulator, used for pilot training.

Key Points: 
  • The deliveries, which follow the multi-year supplier contract signed by Lilium and Garmin in 2023, will be integrated into the first Lilium Jets being produced and the Lilium Jet flight simulator, used for pilot training.
  • As such, the component supplied by Garmin represents a key safety feature of the Lilium Jet and will provide an additional layer of protection for crew and passengers.
  • Garmin is committed to innovation, and we are excited to supply our standby flight instrument solution that will add extraordinary capability to the Lilium Jet cockpit.”
    Lilium began assembly of the first Lilium Jet at its manufacturing and testing facilities near Munich at the end of 2023.
  • The first piloted flight test of the Lilium Jet is targeted to occur in late 2024.

Lilium and Atlantic Aviation Unite to Electrify Regional Air Mobility Across the U.S.

Retrieved on: 
Wednesday, March 13, 2024
Partnership, Air travel, Travel, FBO, Macquarie Infrastructure Corporation, Transport, Eye, City, Lilium Jet, Atmosphere, Sustainability, Advanced Air Mobility, Strategic planning, Airline

This strategic partnership will work to ensure seamless compatibility between the Lilium Jet and Atlantic's network of aviation assets across North America, enabling Advanced Air Mobility operations at current and future locations.

Key Points: 
  • This strategic partnership will work to ensure seamless compatibility between the Lilium Jet and Atlantic's network of aviation assets across North America, enabling Advanced Air Mobility operations at current and future locations.
  • Atlantic operates sites at more than 30 airport locations within Lilium’s planned launch markets in Florida, Southern California, the Northeast corridor, and Texas.
  • Lilium and Atlantic will focus on infrastructure deployment and operations, with an eye toward passenger experience, at existing and upcoming sites.
  • This MOU follows several partnerships between Lilium and other providers globally, as well as the commencement of production of the Lilium Jet late last year.

Lilium Supports NYC EDC’s Decision to Seek Agnostic Operator for Downtown Manhattan Heliport & AAM’s Inclusion; Heliport will Serve as Key Site in Northeast Corridor Regional Network for Lilium Jet

Retrieved on: 
Thursday, March 7, 2024
Aircraft, Lilium, Heliport, Request for proposal, Transport, The Battery (Manhattan), NYCEDC, Downtown Manhattan Heliport, Economic development, RFP, AAM, Lilium Jet, RAM, Airline

The Downtown Manhattan Heliport, located near Battery Park on Pier 6, along the East River, will play a key role in the planned future Northeast Corridor regional network for planned operators of the Lilium Jet.

Key Points: 
  • The Downtown Manhattan Heliport, located near Battery Park on Pier 6, along the East River, will play a key role in the planned future Northeast Corridor regional network for planned operators of the Lilium Jet.
  • Recently, NYCEDC closed their Request for Proposals (RFP) window for firms with heliport, airport, vertiport, logistics, or hub management expertise to operate a future Downtown Manhattan Heliport in Lower Manhattan.
  • Lilium has relationships with various infrastructure partners globally who are vying to operate at this vertiport, which Lilium believes will ensure compatibility for the Lilium Jet at the Downtown Manhattan Heliport.
  • The Northeast Corridor regional network will form part of Lilium’s vision of bringing regional air mobility to locations across the globe.

Lilium releases Full Year and Fourth Quarter 2023 Shareholder Letter

Retrieved on: 
Tuesday, February 27, 2024
Letter, Lilium, Aviation, Memorandum of understanding, EASA, Lufthansa, Lilium Jet, Partnership, Jet fuel

MUNICH, Germany, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Full Year and Fourth Quarter 2023 Shareholder Letter.

Key Points: 
  • MUNICH, Germany, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Full Year and Fourth Quarter 2023 Shareholder Letter.
  • The Shareholder Letter, which discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website .
  • Received Design Organizational Approval from the European Union Aviation Safety Agency (EASA), making Lilium the world’s first company qualified to hold a full type-certificate for aircraft certified under EASA’s SC-VTOL rules.
  • Began assembly of the first full-scale Lilium Jet at Lilium’s production facilities.

Lilium Gears Up for Production of the Lilium Jet’s Revolutionary Electric Propulsion Units

Retrieved on: 
Monday, February 26, 2024
Manufacturing, Marketing, Aviation, Economics, Lilium Jet, Robotics, Transport

Prototype Lilium Jet propulsion units are due to start coming off the new line in Q2 2024, to be used for testing and the flight test campaign.

Key Points: 
  • Prototype Lilium Jet propulsion units are due to start coming off the new line in Q2 2024, to be used for testing and the flight test campaign.
  • This development marks another important milestone in the industrialization of the Lilium Jet, following the start of production of the Lilium Jet in late 2023.
  • Collaboration between Lilium and Schnaithmann started several years ago with initial development of production plans for the Lilium Jet.
  • Jan Nowacki, Lilium Senior Vice President Manufacturing said: “We are delighted to be able to move forward towards production of our jet propulsion system.

Lilium launches its services organization and offering: Lilium POWER-ON

Retrieved on: 
Tuesday, February 20, 2024
Singapore Airshow, Technical University of Munich, Aviation, Lufthansa Aviation Training, EASA, Customer service, Berkshire Hathaway, University of Oxford, Lilium Jet, Dominique, Airline

“As regional air mobility accelerates, our partners can rely on Lilium to provide a comprehensive aircraft manufacturer service organization,” said Lilium CEO, Klaus Roewe.

Key Points: 
  • “As regional air mobility accelerates, our partners can rely on Lilium to provide a comprehensive aircraft manufacturer service organization,” said Lilium CEO, Klaus Roewe.
  • “The team is focused on enabling seamless, efficient services and support through premium aftermarket products and world-class partners.
  • With an experienced leader like Dominique at the helm, we are confident Lilium POWER-ON will offer outstanding customer service while strengthening Lilium’s business.”
    Work began on Lilium POWER-ON, two years ahead of the Lilium Jet’s expected entry into service.
  • He joined Lilium in 2018 and is currently VP Flight Operations & Customer Service, having previously served as Director Flight Test Spain.

Lilium partners with Star Charge to develop best-in-class charging system for eVTOL operations

Retrieved on: 
Tuesday, February 20, 2024
EASA, Combined, CCS, Certification, Lilium Jet, Singapore Airshow, Partnership, Airline

Lilium previously announced its adoption of the Combined Charging System (CCS) standard for rapid charging.

Key Points: 
  • Lilium previously announced its adoption of the Combined Charging System (CCS) standard for rapid charging.
  • Star Charge’s customized, fast-charging system will be fully compatible with the Lilium Jets and other eVTOLs compatible with CCS.
  • The chargers will feature an extra-long liquid cooled charging cable for high-performance charging, suitable for varied landing infrastructure.
  • By using Star Charge’s CCS chargers, Lilium expects to reduce charging times significantly, in comparison to other chargers without liquid cooled charging cables.

Lilium partners with PhilJets to bring eVTOLs to Asia, starting with the Philippines

Retrieved on: 
Monday, February 19, 2024
Traction, Aviation, News, Transport, Tourism, Airport, Geography, Carbon, Lilium Jet, Singapore Airshow, Partnership, Airline

The Lilium Jet is purpose built to meet the transportation challenges of the Philippines.

Key Points: 
  • The Lilium Jet is purpose built to meet the transportation challenges of the Philippines.
  • Thierry Tea, Chairman, PhilJets, said: “Our team is proud to collaborate with Lilium on the mission to transform the Philippine´s mobility with eVTOLs.
  • With its growing economy, geography and important tourism industry, the Philippines is a great match to the Lilium Jet´s capabilities.
  • The Philippines is well suited for eVTOLs to effectively connect thousands of islands together through sustainable and high-speed air mobility.