Lilium Strikes Deals with Bristow and ASL

The agreements could yield up to 56 orders for the Germany-based electric, vertical takeoff and landing (eVTOL) air taxi developer.

Thom Patterson

Tuesday, July 19, 2022 at 04:23 PM ET

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With capacity for a pilot and six passengers, Lilium Jet is expected to enter service in 2025. [Courtesy: Lilium]

Key Takeaways:

Lilium has secured significant agreements for its electric vertical takeoff and landing (eVTOL) air taxi with Bristow Group and ASL Group.
Bristow Group signed a non-binding agreement for 50 Lilium Jets and will provide maintenance services, especially for the anticipated 2025 launch in Florida.
ASL Group intends to purchase six Lilium Jets and will support the development of Lilium landing sites in the Benelux region and Western Germany.
These partnerships underscore the growing interest in eVTOL technology for zero-emission transportation, with Lilium aiming for type certification and service entry by 2025.

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Lilium (NASDAQ: LILM) has struck deals with aircraft operators ASL and Bristow (NYSE: VTOL) to buy the German company’s electric vertical takeoff and landing air taxi, following certification.

Announced at this week’s Farnborough International Airshow in England, the Houston,Texas-based Bristow Group has signed a non-binding agreement with an option to buy 50 zero-emission Lilium Jet air taxis. The deal also calls for Bristow to provide maintenance services for the Lilium Jet’s anticipated launch in Florida, as well as other future markets.