Lilium signs agreement with Air-Dynamic to serve Switzerland and Italy

Partnership includes a firm commitment for up to five Lilium Jets with pre-delivery payments

GENEVA, May 22, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced an agreement with Air-Dynamic SA, a Switzerland-based private jet and helicopter company. The firm agreement includes deposit payments to Lilium for delivery of up to five Lilium Jets.

Air-Dynamic SA, a proud supporter of the new generation of electric aircraft, will operate and manage these Lilium Jets for its customers in Switzerland and Italy, which will offer customers early access to the premium ‘club configuration’ Lilium Jet including the Lilium Pioneer Edition.

This partnership expands Lilium’s reach into the high-end European business travel and tourism market. The Lugano based company with almost 20 years of experience in helicopter and jet charters specializes in networked routes across Switzerland, Italy, Côte d'Azur and French Alps. Air-Dynamic has a fleet of two new generation PC-12s based directly at Lugano airport and manages different jets and helicopters on behalf of private owners and AOC holders.

Raffaella Meledandri, CEO of Air-Dynamic SA, said: “This partnership represents an important step for Air-Dynamic SA and the entire aviation industry. We are excited to work with Lilium to develop innovative and sustainable solutions for the future of aviation. The first project's goal is to connect Lugano directly with Milan City Center and in parallel to establish a good connection in Italy for the most touristic destinations such as Lake Como and Capri.”

Sebastien Borel, CCO of Lilium, said: “With today’s partnership, Lilium deepens its reach into Europe’s premium travel market. We’re leveraging Air-Dynamic’s innovative and entrepreneurial approach to operating and managing private jets and helicopters in the region. The partnership fits well in our commercial first phase strategy to engage the premium segment with our impressive Lilium Pioneer Edition Jet.”

About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, offering leading capacity, low noise, and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology, and infrastructure leaders, and with planned launch networks announced in Germany, the United States, Brazil, and the UK, Lilium’s 800+ strong team includes approximately 450 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit lilium.com.