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    LILM   NL0015000F41

LILIUM N.V.

(LILM)
  Report
Delayed Nasdaq  -  04:00 2022-12-01 pm EST
1.400 USD   -0.71%
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GlobeAir to serve Southern France and Italy with the Lilium Jet

09/29/2022 | 07:32am EST

MONACO, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has announced a partnership with GlobeAir. Under the agreement, GlobeAir intends to purchase 12 Lilium Jets to provide premium and business eVTOL flights to its customer base in the French Riviera and Italy.

GlobeAir is Europe’s leading and award-winning private jet operator offering on demand charter services to over 900 airports. GlobeAir is renowned for its innovative leveraging of data analytics for the optimization of operations, pricing and empty legs to benefit its discerning end customers.

The sustainable Lilium Jet will complement GlobeAir’s current offerings in the French Riviera and Italy with a first and last mile service. Enabling considerable time savings for customers, the partnership will exemplify the all-in-one travel experience GlobeAir specializes in. With high demand for a sustainable, efficient and flexible mode of transport, Italy and southern France also offers many opportunities for point-to-point travels where travel time can be significantly reduced, and vertical landing is required.

Bernhard Fragner, CEO GlobeAir, said: “We are proud to be partnering with Lilium as they are changing how we think about aviation and revolutionizing how people travel. Technological breakthroughs, a forward-thinking mindset and a drive to deliver quality time that fits customer expectations have propelled Lilium to the forefront of next-generation air travel.’’

Sebastien Borel, SVP Commercial, Lilium, said: “We are thrilled to be partnering with one of the leading European providers in on-demand air mobility, GlobeAir. The French Riviera and Italy are key markets, and we are confident that our shared commitment to innovation and partnership will result in a premium customer experience.”

About Lilium

Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, offering leading capacity, low noise and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology and infrastructure leaders, and with planned launch networks announced in Germany, the United States and Brazil, Lilium’s 800+ strong team includes approximately 450 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit www.lilium.com.

Press Contact

Meredith Bell, Lilium
press@lilium.com

About GlobeAir

With more than 50% of the market share, GlobeAir is Europe's leader in the entry-level private jet sector, including a premium experience. With 160 employees (80 pilots), the company generates about 96 per cent of its revenues abroad. GlobeAir is available 24/7 all over Europe with 21 private jets connecting European cities like London, Geneva, Zurich, Paris, Nice, and Milan with small airfields that are difficult to reach, such as St. Moritz or Lugano and 950 more. The company has achieved its success through dedication and by offering bespoke service before, during and after the flight. Charter rates start from € 4,400, and empty legs from € 990.

Press Contact

GlobeAir AG
Iva Bobkova, Head of Corporate Procurement & Parts Management
E-Mail: iva.bobkova@globeair.com
Phone: +43 (7221) 727400

Lilium Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding Lilium N.V.’s proposed business and business model, the markets and industry in which Lilium N.V. and its subsidiaries (collectively, the “Lilium Group”) operate or intend to operate, Lilium’s proposed strategic partnership with GlobeAir, the anticipated timing of the commercialization and launch of the Lilium Group’s business in phases and the expected results of the Lilium Group’s business and business model, including when launched in phases. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on management’s current expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this communication include those discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (“SEC”), including its Annual Report on Form 20-F, all of which are available at www.sec.gov. For more information, see the section entitled “Cautionary Note Regarding Forward-Looking Statements” in Lilium’s Annual Report on Form 20-F and in other filings. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and the Lilium Group assumes no obligation to, and does not intend to, update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae9c2b01-4e1d-4282-b9f1-54de9d19f212


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Analyst Recommendations on LILIUM N.V.
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Financials (USD)
Sales 2022 - - -
Net income 2022 -211 M - -
Net cash 2022 107 M - -
P/E ratio 2022 -2,03x
Yield 2022 -
Capitalization 553 M 553 M -
EV / Sales 2022 -
EV / Sales 2023 -
Nbr of Employees 964
Free-Float 29,2%
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 1,41 $
Average target price 10,06 $
Spread / Average Target 613%
EPS Revisions
Managers and Directors
Klaus Roewe Chief Executive Officer & Executive Director
Geoffrey Richardson Chief Financial Officer
Thomas Enders Chairman
Daniel Wiegand Executive Director & Chief Engineer-Innovation
Alastair McIntosh Chief Technology Officer
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