Saudia Group and Lilium N.V. have signed a binding sales agreement for 50 Lilium Jets, with options for further purchases.
The agreement, signed by Fahd Al-Jarbou, CEO of Saudia Private, and Klaus Roewe, was signed at Lilium’s headquarters in Gauting, Germany.
The deal marks the largest of its kind in the MENA region and is the largest reported firm order of eVTOL aircraft by an airline. The agreement includes a schedule of deposit and pre-delivery payments, future deliveries timeline, guarantees on aircraft performance, and provisions for spare parts, maintenance, and repairs.
The parties also intend to sign a comprehensive “Lilium POWER-ON” agreement for aircraft fleet maintenance and support services.
The agreement follows a Memorandum of Understanding between the two companies in October 2022.
