11:08 AM EDT, 03/13/2024 (MT Newswires) -- Lilium (LILM) and Atlantic Aviation said Wednesday they signed a memorandum of understanding to ensure compatibility of Lilium's electric vertical take-off and landing, or eVTOL, jets with Atlantic's aviation assets across North America.

The companies said their partnership will focus on infrastructure deployment and operations, ensuring Lilium Jet operators will have access to strategic points within Atlantic's network of aviation facilities.

Terms of the collaboration weren't disclosed.

The partnership is among several airport collaborations globally for Lilium, which started producing Lilium Jet in late 2023 and is set to launch the eVTOL aircraft in the US.

Shares of Lilium were 3.2% higher in recent trading.

Price: 1.00, Change: +0.03, Percent Change: +3.18