Lilium, an electric aviation company based in Germany, says it has secured a binding sales agreement for up to 100 electric vertical takeoff and landing (eVTOL) aircraft with Saudia Group, which operates the largest airline carrier in Saudi Arabia and is wholly owned by the Kingdom of Saudi Arabia.
The agreement is a “firm order” for 50 Lilium jets, with an option to purchase up to 50 more, the company said. The deal follows a 2022 memorandum of understanding between Lilium and Saudia to explore ways in which battery-powered multi-rotor aircraft can address the region’s transportation challenges.
The terms of the deal were not disclosed, but it has the potential to be worth hundreds of millions of dollars. Lilium has said it will sell...
