Lilium Receives Order for 20 eVTOL Jets, Forms Operational Partnership in U.S.
The manufacturer agrees to sell aircraft to UrbanLink Air Mobility, a company founded in March that plans to operate eVTOL aircraft in several major American cities.
The manufacturer agrees to sell aircraft to UrbanLink Air Mobility, a company founded in March that plans to operate eVTOL aircraft in several major American cities.
The eVTOL manufacturer said the new infrastructure will add John Wayne Airport to its SoCal network, which also includes service in Los Angeles.
While international flights were suspended, Israeli airline El Al ramped up flights amid the country’s unprecedented call-up of 300,000 reserve troops.
Pilot hiring is climbing to previously unseen levels with 2023 looking likely to surpass last year’s numbers.
Deal will give lenders 95 percent stake in the company and control of the board.
He brings 25 years of aviation experience to replace the departed company founder in the role.
Short-term capital infusion is expected to help cash-strapped, on-demand private aviation firm avoid bankruptcy.
The bridge investment comes in as the Part 135 operator postpones its earnings call.
The agreement wraps up four years of negotiations and is estimated to be worth $10 billion.
A fractured lock link was sent to the NTSB materials laboratory for examination.