Lilium

Lilium has pushed back the planned start of manned flight tests with its full-scale electric Lilium Jet to early 2025.

The AAM Stock Composite rallied nearly 12% during the week ending July 12, boosted by large gains in Archer and Joby.

After the initial funding wave, investors grow leery of unfulfilled promises by startups.

The AAM Stock Composite rose 4% during the week ending July 5, lifted by gains in Archer and EHang.

Spain’s Sener has supplied the first servo actuators to Lilium for certification testing.

The AAM Stock Composite dropped 3% during the week ending June 28.

Archer Aviation and Joby Aviation both aim to start electric air taxi services in 2025.

The AAM Stock Composite snapped a multiweek losing streak during the week ending June 21.

Airbus says it is targeting ambulance and medical services as an early market for its eVTOL system, follow the unveiling of its four-person CityAirbus NextGen.

Skepticism is growing about the near-term commercial prospects of eVTOLs.

Archer Aviation has announced a partnership with Signature Aviation, giving it access to the latter’s network of more than 200 FBOs.

Although shareholders have put more money into advanced air mobility, getting government loans could still be crucial, and avoiding program delays will be key.

Lilium CEO Klaus Roewe expects $100 million in loan guarantees from the German and Bavarian governments, while talks with France toward $200 million continue.

Lilium has bought itself around three to four months’ time through a capital raise concluded at the end of May, CEO Klaus Roewe says.

Advanced air mobility startup Volocopter has secured fresh funding that is expected to finance the company beyond certification of the VoloCity multicopter.

Volare Aviation subsidiary eVolare has signed binding purchase agreements with Lilium for four aircraft and reserved an additional 12 production slots.

The need to maintain competitiveness and treat business operators fairly must be balanced with climate concerns.

The near-term UAM market will take time to mature and scale, but regional air mobility enjoys a large addressable market today.

Lilium signed a licensing agreement with Dedienne Aerospace at EBACE 2024 covering tooling for production and maintenance operations.

Chief Commercial Officer Sebastien Borel spoke with Aviation Week Network ShowNews on the EBACE sidelines.

The AAM Stock Composite crashed 11% in its worst week since the start of 2024.

Chief Commercial Officer Sebastien Borel said that that business sector is well suited for early adoption, while the mass market will take longer to mature.

The new capital raise consists of several components.

The AAM Stock Composite rose 4.3% last week, boosted by a better than 10% increase in EHang.

Our roundup of the main aerospace and defense stories making the news this week.