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Saudia Group Signs Agreement to Acquire Up to 100 Lilium eVTOL Jets

Jul 18, 2024

Contract Type

agreement

MunichManufacturingTransportationAir TransportationAerospace

Description

Saudia Group and Lilium N.V. have signed a binding sales agreement for 50 Lilium Jets, with options for the purchase of 50 more. The agreement represents the largest reported firm order of eVTOL aircraft by an airline and signifies a significant commitment to electric aviation in the MENA region.

Company Information

Company

Lilium GmbH

Location

Munich, Bavaria, Germany

About

Lilium GmbH is known for its pioneering work in electric vertical takeoff and landing (eVTOL) designs and technologies. The company has invested significantly in developing technologies for a visionary eVTOL platform. Lilium’s innovations include key advancements in ducted fan technology. It has been recognized for its contributions to the advanced air mobility sector.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.