Cash-tight Lilium fetes eVTOL deals with upper-crust AAM clients
German advanced air mobility (AAM) plane developer Lilium has announced a pair of business developments that – while not eliminating the financial pinches the company has faced of late – offers new signs that its cutting-edge electric takeoff and landing (eVTOL) aircraft are finding eager buyers needed to assure the company’s success.
This week Munich-based Lilium said it had signed a new deal for five of its eVTOLs with Swiss private jet and helicopter service provider Air-Dynamic SA, which plans to add the AAM craft to fleets it operates in several European countries. The following day Lilium revealed it had transformed an earlier memo of understanding covering six of its battery-powered aircraft with Benelux jet transport company ASL Group into a hard delivery accord – including an up-front deposit payment of an unspecified amount.
Those will be welcome developments for Lilium, whose rapid cash burn rate as it pushed…