Lilium

Company is planning to sell 100 eVTOLs and develop sales, service, and vertiport infrastructure.

The deal offers access to high-end European business travel and tourism markets.

The company, which has pushed its target to 2026, expects industrywide certification ‘timeline corrections.’

German aircraft company’s Q3 update includes new round of fundraising.

Some investors committed to partaking in the fundraising campaign include Honeywell, Aciturri, LGT, Lightrock, Tencent, and B. Riley Securities.

Beginning in New York and Los Angeles, Delta and Joby plan to integrate Joby’s services as a premium shuttle service to and from airports where Delta operates. This will run alongside Joby’s planned airport services, making the partnership mutually exclusive in the U.S. and the U.K. for half a decade after Joby’s commercial launch.

Under the agreement, GlobeAir intends to purchase 12 Lilium Jets to provide premium and business eVTOL flights to its customer base in the French Riviera and Italy.

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

EASA releases world’s ‘first’ regulatory framework for air taxis operating in European cities.

In a decision central to success for its electric vertical takeoff and landing air taxi, Germany-based Lilium has selected Astronics to design, develop, and manufacture the electrical power distribution system for the Lilium Jet.