NetJets to Purchase up to 150 Lilium eVTOLs

Fractional aircraft ownership company NetJets has signed a memorandum of understanding (MOU) to buy 150 electric vertical takeoff and landing (eVTOL) air taxis from Germany-based Lilium (NASDAQ: LILM).

Thom Patterson

Friday, March 04, 2022 at 12:47 PM ET

Verified

Germany-based eVTOL developer Lilium has reached a deal with fractional aircraft ownership company NetJets. [Courtesy: Lilium]

Key Takeaways:

NetJets signed a memorandum of understanding (MOU) to purchase 150 Lilium eVTOL air taxis and will operate flight services for a planned network in Florida.
Lilium is preparing for flight tests of its Phoenix 2 demonstrator and plans to enter service in 2024 with a refined eVTOL design, reducing ducted fan motors from 36 to 30 for improved efficiency and lower costs.
The company is accelerating its flight testing campaign with an upcoming Phoenix 3 demonstrator and is pursuing simultaneous certification with EASA and the FAA.

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Lilium, which is preparing to launch a flight test campaign of its fifth-generation eVTOL demonstrator Phoenix 2, announced the MOU with the Columbus, Ohio-based NetJets on Tuesday. NetJets also will run flight operations for a Lilium air taxi route network which is planned for Florida, the eVTOL company said.