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Saudia Group Signs Sales Agreement With Lilium for 50 eVTOL Jets

Jul 18, 2024•almost 2 years ago

Contract Type

agreement

MunichManufacturingTravelAir 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, 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.

Company Information

Company

Saudia Group and Lilium N.V

Location

Munich, Bavaria, Germany

About

Saudia Group is a leading airline operator in the MENA region. Lilium N.V. is a pioneer electric aircraft manufacturer and Regional Air Mobility (RAM) company.

Predictive Intelligence
Strategic

ML-powered predictions for Saudia Group and Lilium N.V's next move

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Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.