Summary by Moomoo AI
Lilium N.V., a developer of all-electric vertical take-off and landing (eVTOL) jets, has announced a significant partnership with UrbanLink, an advanced air mobility operator based in South Florida. On May 6, 2024, Lilium disclosed a binding agreement for UrbanLink to purchase 20 Lilium Jets, with an option for an additional 20 aircraft. This deal marks UrbanLink as the first U.S. airline to fully commit to incorporating eVTOL aircraft into its fleet, aiming to revolutionize urban transportation. UrbanLink, led by aviation veteran Ed Wegel, plans to establish a regional network in South Florida, enhancing sustainable regional connectivity. The Lilium Jet is expected to connect major cities like Miami, West Palm Beach, Boca Raton, and Fort Lauderdale, with service launch targeted for 2026. The announcement follows the commencement of the Lilium Jet assembly at the end of the previous year, with the first piloted flight test scheduled for late 2024.