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Market Chatter: Lilium Receives Order for Electric Air Taxis From Saudia
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Market Chatter: Lilium Receives Order for Electric Air Taxis From Saudia
Jul 10, 2024 8:59 AM

11:34 AM EDT, 07/10/2024 (MT Newswires) -- Lilium (LILM) has received an order from Saudi Arabian airline Saudia for its vertical take-off electric air taxis, converting their previously announced deal into a concrete order, Reuters reported Wednesday, citing a source familiar with the deal.

Saudia signed a memorandum of understanding with Lilium in October 2022 to buy 100 Lilium Jets.

Saudia has invited reporters to an event regarding its upcoming deals at Lilium headquarters in Germany on July 18, Reuters reported.

Lilium declined to comment to Reuters.

Neither Lilium nor Saudia immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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