German air taxi developer Lilium has reportedly won a major contract with Saudi Arabia’s state-owned airline, finalizing a deal to provide 100 electric vertical takeoff and landing (eVTOL) vehicles.
First reported by Reuters on Wednesday, sources close to the matter say that the airline, Saudia, signed a framework deal with Lilium nearly 18 months ago, with later agreements finalizing the purchase order. Reporters have been invited to a Saudia event hosted at Lilium’s headquarters near Munich on July 18, which will give new insights into the arrangement.
This deal will be one of the biggest in Lilium’s nine years of operation. Founded in 2015 by a group of engineers and PhD students at the University of Munich, the company specializes in designing electrically powered personal air vehicles capable of VTOL flight. […]
– Read More: valuetainment.com
