LILM - Lilium Bristow sign MoU on electric air mobility

Lilium ( NASDAQ: LILM ) +5.1% pre-market on Monday after unveiling a strategic partnership with Bristow ( NYSE: VTOL ), including an option for Bristow to purchase 50 Lilium Jets and provide maintenance services for the jet's launch network in Florida and other future U.S and European markets.

The non-binding memorandum of understanding outlines collaboration between Bristow ( VTOL ) and Lilium ( LILM ) on the development of a maintenance program to support the operation of the Lilium Jet.

Lilium ( LILM ) said it is among the first eVTOL companies to pair certified air carriers with infrastructure developers and support services, such as maintenance, and it said the addition of Bristow ( VTOL ) as a Part 145 maintenance provider marks significant progress for the company.

Bristow ( VTOL ) management now expects FY 2023 will be a "transition year," after the company's disappointing near-term outlook, Henrik Alex writes in a bearish analysis posted on Seeking Alpha .

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