Lilium N.V (NASDAQ:LILM) shares are trading higher Monday after the company announced it received an order from UrbanLink for 20 of its jets.
What Happened: All-electric vertical take-off and landing jet company Lilium announced a new partnership with UrbanLink to operate Lilium Jets in South Florida.
Under the agreement, UrbanLink will purchase 20 Lilium Jets, with scheduled pre-delivery payments, and become the first airline in the U.S. fully committed to integrating eVTOL aircraft into its fleet.
“We are proud that UrbanLink has selected the Lilium Jet for its network and operations. This is a huge milestone, not only for Lilium, but for the commercialization of eVTOLs in the U.S.,” said Sebastien Borel, chief commercial officer of Lilium.
“We believe that this purchase of eVTOL aircraft is the first by a commercial operator that isn’t invested in the manufacturer that it is purchasing from. This is a sign ...