Saudia, Lilium Sign Deal for 100 Electric Jets

The flag carrier of Saudi Arabia enters a binding agreement for 50 aircraft, with the option to purchase 50 more.

Jack Daleo

Friday, July 19, 2024 at 03:09 PM ET

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Edited By: tccjeremy

Saudia intends to fly the Lilium Jet on routes across Saudi Arabia. [Courtesy: Lilium]

Key Takeaways:

Lilium has secured a binding sales agreement with Saudia Group for 50 Lilium Jets, with an option for 50 more, marking the largest eVTOL purchase in the Middle East-North Africa (MENA) region.
Saudia expects to receive its first jets in 2026 to establish an electric vertical takeoff and landing (eVTOL) network across Saudi Arabia.
The eVTOL jets are intended to revolutionize transportation for tourism, sports, entertainment, business, and potentially religious pilgrimages, aiming to reduce travel times and alleviate traffic congestion.

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Electric vertical takeoff and landing (eVTOL) jets are coming to the Middle East.

Lilium, manufacturer of the seven-seat Lilium Jet, on Thursday announced that Saudia Group—owner of Saudia, the flag carrier of Saudi Arabia and one of the largest airlines in the region—signed a binding sales agreement for the purchase of 50 aircraft, with an option for 50 more. Saudia expects to receive its first jets in 2026.