Lilium has signed an agreement this week which appoints ArcosJet, a Dubai-based leader in business aircraft brokerage, as its exclusive authorised dealer for private sales of its eVTOL Jet in the United Arab Emirates (UAE), Israel and the Republic of Cyprus, reports a press release.
The agreement includes a commitment fee payment to Lilium and grants ArcosJet exclusivity in these territories. ArcosJet becomes Lilium’s first reseller in the Middle East and its fifth dealer globally.
The collaboration intends to jointly announce further details of their partnership at the Dubai Airshow (November 13th-17th). The companies also plan to jointly showcase the Lilium Jet at the event.
Sebastien Borel, Chief Commercial Officer at Lilium, commented, “The Middle East offers tremendous opportunity for eVTOLs and ArcosJet has an impressive portfolio of successful deals, profound knowledge within aircraft fleet management and a huge network of industry connections to help drive firm orders of our eVTOL jet.”
Mikhail Alenkin, ArcosJet Founder and CEO, added, “We see tremendous potential in the emerging eVTOL market, especially for jet-powered aircraft. We are sure that combining our experience in selling conventional aircraft with the economic and sociodemographic characteristics of UAE, Israel, and the Republic of Cyprus, can result in the region becoming a leader in the sales and operation of the revolutionary Lilium Jet.”
Mikhail Alenkin
The Lilium Pioneer Edition Jet is the first planned model and will comfortably seat four passengers, with an estimated non-stop flight range of 175 km and speed of 250 kph. The first manned flight for the type-conforming aircraft is scheduled for late 2024, with type certification expected in late 2025 and deliveries expected to begin in 2026.
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