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 a memorandum of understanding (MOU) to purchase 150 electric vertical takeoff and landing (eVTOL) air taxis from Lilium and will operate the planned route network, starting in Florida, for "first and last mile" passenger transport.
Lilium is refining its eVTOL design by reducing the number of ducted fan motors for improved efficiency and is accelerating its flight test campaign with Phoenix 2 and 3 demonstrators, targeting service entry in 2024.

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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.