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Contract Type
agreement
MunichManufacturingTravelAir TransportationAerospaceDescription
Saudia Group and Lilium N.V. have signed a binding sales agreement for 50 Lilium Jets, with options for the purchase of 50 more, marking the largest reported firm order of eVTOL aircraft by an airline in the MENA region. The agreement includes a schedule of deposit and pre-delivery payments, future deliveries, guarantees on aircraft performance, and plans for comprehensive aircraft fleet maintenance and support services.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months