Friday, July 19, 2024 In a significant advancement for electric aviation, Saudia Group and Lilium N.V., a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), have signed a binding sales agreement for 50 Lilium Jets, with an option to purchase an additional 50 jets.
The signing ceremony was held at Lilium’s headquarters in Munich. Representing Saudia Group, Fahd Al-Jarbou, CEO of Saudia Private, and Klaus Roewe, CEO of Lilium, formalized the agreement. The event was attended by notable figures such as H.
E. Engr. Ibrahim Al-Omar, Director General of Saudia Group, Michael Kindsgrab, the German Ambassador to the Kingdom of Saudi Arabia, and Lilium Chairman Tom Enders.
This agreement builds on a Memorandum of Understanding (MoU) signed in October 2022 between Saudia Group and Lilium, marking the largest deal of its kind in the MENA region. It represents the most significant firm order of eVTOL (electric Vertical Take-Off and Landing) aircraft by an airline intending to operate the fleet. This milestone reflects Saudia Group’s strong commitment to electric aviation and confidence in the Lilium Jet’s superior performance, economics, and passenger experience.
The contract includes a detailed schedule for deposit and pre-delivery payments, a timeline for future deliveries, guarantees on aircraft performance, and provisions for spare parts, maintenance, and repairs. Additionally, the parties plan to enter into a comprehensive “Lilium POWER ON” a.