ArcosJet Purchases 10 Revolutionary eVTOL Jets From Lilium LILM

In a significant development for the aviation industry, ArcosJet DMCC, a leading broker in the business aircraft sector, has inked a deal with Lilium N.V. LILM, a pioneering firm in electric flight, for the acquisition of 10 innovative all-electric vertical take-off and landing (eVTOL) jets. This purchase underscores the growing interest in sustainable air transport solutions, particularly in the Middle East, where ArcosJet is poised to become an exclusive dealer for private sales of the Lilium Jet.

Revolutionizing Regional Air Mobility

Lilium's groundbreaking eVTOL technology is set to transform regional travel. The Lilium Jet boasts a spacious 4-seat cabin, offering passengers panoramic views and an unparalleled travel experience. With a commitment to zero operating emissions, this low-noise and high-speed aircraft is not just eco-friendly but also promises efficiency and convenience for regional transportation.

Strategic Delivery Timeline and Support Services

The delivery of these premium eVTOL jets is scheduled to commence in early 2026, with ArcosJet anticipating that the onset of eVTOL air travel will be embraced swiftly by the market in the Middle East. Lilium will provide a comprehensive suite of services to buyers, including maintenance programs, pilot training, and the installation of two charging stations, solidifying the value proposition of these eVTOL jets.

Expert Endorsements and Future Outlook

Mikhail Alenkin, CEO of ArcosJet, expressed confidence in the new Lilium Pioneer Edition Jets setting a strong foundation for the development of eco-friendly air travel in their region. On the flip side, Lilium’s Chief Commercial Officer, Sebastien Borel, indicated that with ArcosJet's track record in aircraft sales, the innovative capabilities of the Lilium Jet would be brought to an appreciative clientele.

Lilium Jet: Performance Meets Sustainability

The first model of the Lilium Jet, the Pioneer Edition, is expected to conduct non-stop flights of up to 175 km at speeds of up to 250 km/h. With the first manned flight of the qualifying aircraft slated for late 2024 and type certification anticipated by the end of 2025, the stage is set for a new era in aviation beginning in late 2026 to 2027 when deliveries to customers will start.

About Lilium GmbH

Lilium GmbH, known by its ticker symbol LILM, is at the forefront of designing accessible and sustainable high-speed regional transportation systems. With its electric Lilium Jet, this German-based company aims to decarbonize air travel, ushering in a new era of responsible and efficient mobility. Their 800+ team network, comprising about 450 aerospace engineers, is committed to making this vision a reality.

About ArcosJet

Established in 2014, ArcosJet has etched its name as one of the premier business aircraft brokers globally. The company has expanded beyond large and long-range business jets, venturing into new aircraft dealership and infrastructure projects, including eVTOL operation.

Forward-Looking Statements & Industry Outlook

The forward-looking statements reflect the anticipation surrounding the eVTOL industry's growth trajectory. Lilium and ArcosJet's partnership is a testament to the potential of electric aviation and its role in pioneering sustainable transportation solutions. As we move towards a greener future, the Lilium Jet is expected to play a pivotal role in the evolution of air travel.

eVTOL, investment, aviation, sustainability, technology