Lilium Agrees To Deliver Up to 5 eVTOLs to Charter Company Air-Dynamic

The deal offers access to high-end European business travel and tourism markets.

Jonathan Welsh

Tuesday, May 23, 2023 at 12:55 PM ET

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An agreement with Air-Dynamic could give Lilium a foothold in European air-transport markets. [Courtesy: Lilium]

Key Takeaways:

Lilium N.V. has entered an agreement with Air-Dynamic SA, a Swiss-Italian private jet and helicopter operator, to receive deposits for up to five Lilium Jet eVTOL aircraft.
Air-Dynamic plans to operate and manage these Lilium Jets for premium business and tourism customers across Switzerland and Italy, with an initial focus on connecting Lugano with Milan City Center and other popular destinations.
This partnership allows Lilium to deepen its reach into the luxury European travel market, leveraging Air-Dynamic's nearly 20 years of experience in the region.

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Lilium N.V. (NASDAQ: LILM), the German company developing the Lilium Jet eVTOL , has entered an agreement with Air-Dynamic SA, a private jet and helicopter operator based in Lugano, Switzerland, under which Lilium will receive deposits for up to five aircraft.

Air-Dynamic said it plans to operate and manage the Lilium Jets for customers in Switzerland and Italy, offering them access to premium versions of the aircraft, including the planned Pioneer Edition model. For Lilium, the deal helps it enter the luxury European business travel and tourism markets currently served by helicopters and jets.