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

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

Key Takeaways:

NetJets has signed an MOU to purchase 150 electric vertical takeoff and landing (eVTOL) air taxis from Lilium and will operate flight services for Lilium's planned network in Florida.
Lilium aims to enter service by 2024 with piloted, six-passenger eVTOLs designed for "first and last mile" transport, capable of 151 knots and a 162 nm range.
Lilium has refined its eVTOL design, reducing ducted fan motors from 36 to 30 for efficiency and cost reduction, and plans to accelerate flight testing with two demonstrator aircraft, Phoenix 2 and Phoenix 3.

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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.