• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Lilium Powers On First Lilium Jet in Significant Milestone Towards First Flight

    10/1/24 6:00:00 AM ET
    $LILM
    Aerospace
    Industrials
    Get the next $LILM alert in real time by email
    • Systems power-on paves the way for start of Lilium Jet ground testing campaign
    • The first Lilium Jet – MSN 1 – will be used to confirm safety for first piloted flight planned for early 2025
    • MSN 2, the first aircraft that Lilium will fly with a pilot on board, is now in final assembly

    MUNICH, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has completed the first systems power-on milestone of its revolutionary all-electric Lilium Jet. The successful test procedure on the first in-production Lilium Jet, MSN 1, represents a significant achievement on the path to first flight and certification. This test confirms that the aircraft is being built in accordance with Lilium's platform design and the flight systems are functioning correctly.

    At power-on, high-voltage (900 Volts) is applied to the aircraft and converted to supply the low-voltage electrical and avionics systems – including cockpit display, flight controls, communication, navigation, and surveillance systems. This milestone corresponds to the customary power-on acceptance test procedure used in conventional commercial aircraft manufacturing.

    Stephen Vellacott, Lilium CTO, commented: "Power-on is an important quality gate in the production process of any commercial aircraft. The two Lilium Jets now on our final assembly line, and those to come, will be conforming aircraft, built to the specifications of our design organization, according to documented processes and in line with established aerospace procedures. When it comes to aircraft production, process control, repeatability, traceability, and above all safety is paramount. Achieving this first power-on milestone demonstrates that we're on track."

    MSN 1 is due to become Lilium's lab test aircraft, or "ironbird". It will be a fully functional aircraft and key asset for the certification program, being used to prove safety of flight and compliance with airworthiness requirements. The second Lilium Jet, MSN 2, also currently in final assembly, is the first aircraft that Lilium intends to fly with a pilot on board in early 2025. Production of MSN 3 fuselage is underway at the supplier. Lilium intends to fly a total of six test aircraft up to type-certification and entry into service, targeted for 2026.

    In August this year, Lilium successfully completed the first phase of electrical integration testing at the company's dedicated electrical power system lab (EPSL), a test rig that replicates the Lilium Jet's full powertrain, from battery pack to engine, outside the aircraft in a controlled test environment. Lilium has so far successfully tested several core electrical functionalities at the EPSL, including high voltage distribution, low voltage conversion and distribution, health reporting, and charging systems.

    Contact information for media:  

    Christine Pierk

    Communications Manager   

    +49 151 53919945

    [email protected]  

    Contact information for investors: 

    Rama Bondada 

    Vice President, Investor Relations 

    [email protected]

    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, designed to offer 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 announced sales and indications of interest in Europe, the United States, China, Brazil, the UK, the United Arab Emirates, and the Kingdom of Saudi Arabia, Lilium's 1,000+ strong team includes approximately 500 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 www.lilium.com. 

    Lilium Forward Looking Statements

    This press release contains certain forward‐looking statements within the meaning of the U.S. federal securities laws, including, but not limited to, statements regarding: (i) Lilium N.V.'s and its subsidiaries (collectively, the "Lilium Group") proposed business and business model; (ii) the markets and industry in which the Lilium Group operates or intends to operate; and (iii) the Lilium Group's progress towards type certification (and type certificate validation) of its Lilium Jet with EASA and the FAA; and (iv) the production, certification, flight testing program, delivery schedule, and related timelines for the Lilium Jet, including the power-on of MSN 1 as described in this press release . These forward‐looking statements generally are identified by the words "anticipate," "believe," "could," "expect," "estimate," "future," "intend," "may," "on track," "plan," "project," "should," "strategy," "will," "would" and similar expressions. Forward‐looking statements are predictions, projections, and other statements about future events that are based on management's current expectations with respect to future events and are based on assumptions and are subject to risk and uncertainties that are subject to change at any time. Actual events or results may differ materially from those contained in the forward‐looking statements. Factors that could cause actual future events to differ materially from the forward‐looking statements in this press release include those risks and uncertainties discussed in Lilium's filings with the U.S. Securities and Exchange Commission (the "SEC"), including in the section titled "Risk Factors" in our Annual Report on Form 20‐F for the year ended December 31, 2023, on file with the SEC, and similarly titled sections in Lilium's other SEC filings, all of which are available at www.sec.gov. Forward‐looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward‐looking statements, and Lilium assumes no obligation to, and does not intend to, update, or revise these forward‐looking statements, whether as a result of new information, future events or otherwise. 



    Primary Logo

    Get the next $LILM alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $LILM

    DatePrice TargetRatingAnalyst
    10/18/2024$2.00 → $1.00Overweight → Neutral
    Cantor Fitzgerald
    7/19/2024$2.00Overweight
    Cantor Fitzgerald
    8/1/2023$3.00Buy
    B. Riley Securities
    7/17/2023$1.20 → $3.00Hold → Buy
    Canaccord Genuity
    7/14/2023$1.20 → $3.00Hold → Buy
    Canaccord Genuity
    6/9/2023$1.20Hold
    Canaccord Genuity
    3/14/2023$1.00Neutral
    Citigroup
    12/7/2022$2.00 → $1.00Equal Weight → Underweight
    Barclays
    More analyst ratings

    $LILM
    Financials

    Live finance-specific insights

    See more
    • Lilium Announces Q1 2024 Shareholder Letter and Webcast on June 11, 2024

      MUNICH, June 03, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. ("Lilium" or the "Company") (NASDAQ:LILM) today announced that it plans to release its First Quarter 2024 Shareholder Letter on June 11, 2024, before market open. The Company will host a conference call that same day at 8:00 a.m. Eastern Daylight Time (EDT). To access the webcast of the call, please visit the Lilium investor relations website at https://investors.lilium.com. To facilitate communications with the wider investor base, Lilium is partnering with Say Technologies to allow retail and institutional shareholders to submit and upvote questions, a selection of which will be answered by Lilium management during the conference ca

      6/3/24 8:00:00 AM ET
      $LILM
      Aerospace
      Industrials
    • Lilium Announces FY and Q4 2023 Shareholder Letter and Webcast on February 27, 2024

      MUNICH, Germany, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. ("Lilium" or the "Company") (NASDAQ:LILM) today announced that it plans to release its Full Year and Fourth Quarter 2023 Shareholder Letter on February 27, 2024, before market open. The Company will host a conference call that same day at 8:00 a.m. Eastern Standard Time. To access the webcast of the call, please visit the Lilium investor relations website at https://investors.lilium.com. To facilitate communications with the wider investor base, Lilium is partnering with Say Technologies to allow retail and institutional shareholders to submit and upvote questions, a selection of which will be answered by Lilium management du

      2/14/24 8:00:00 AM ET
      $LILM
      Aerospace
      Industrials
    • Lilium releases Q3 Business Update

      MUNICH, Germany, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM) ("Lilium" or the "Company"), developer of the first all-electric vertical take-off and landing ("eVTOL") jet, has released its Third Quarter Business Update. Lilium will host a webcast and conference call to discuss the update today at 8:00 a.m. ET. The details for the webcast, in addition to the Third Quarter Shareholder Letter, can be accessed on the Lilium investor relations website https://investors.lilium.com/. Q3 Highlights Commercial contract with pre-delivery deposits: eVolare a subsidiary of Volare Aviation, one of the United Kingdom's largest helicopter and private jet operators, secures de

      12/6/22 6:30:00 AM ET
      $LILM
      Aerospace
      Industrials

    $LILM
    SEC Filings

    See more
    • SEC Form 6-K filed by Lilium NV

      6-K - Lilium N.V. (0001855756) (Filer)

      11/12/24 9:15:18 AM ET
      $LILM
      Aerospace
      Industrials
    • SEC Form 6-K filed by Lilium NV

      6-K - Lilium N.V. (0001855756) (Filer)

      11/6/24 12:30:15 PM ET
      $LILM
      Aerospace
      Industrials
    • SEC Form 144 filed by Lilium NV

      144 - Lilium N.V. (0001855756) (Subject)

      11/4/24 2:51:38 PM ET
      $LILM
      Aerospace
      Industrials

    $LILM
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Lilium N.V. downgraded by Cantor Fitzgerald with a new price target

      Cantor Fitzgerald downgraded Lilium N.V. from Overweight to Neutral and set a new price target of $1.00 from $2.00 previously

      10/18/24 7:36:48 AM ET
      $LILM
      Aerospace
      Industrials
    • Cantor Fitzgerald initiated coverage on Lilium N.V. with a new price target

      Cantor Fitzgerald initiated coverage of Lilium N.V. with a rating of Overweight and set a new price target of $2.00

      7/19/24 7:40:29 AM ET
      $LILM
      Aerospace
      Industrials
    • B. Riley Securities initiated coverage on Lilium N.V. with a new price target

      B. Riley Securities initiated coverage of Lilium N.V. with a rating of Buy and set a new price target of $3.00

      8/1/23 8:42:20 AM ET
      $LILM
      Aerospace
      Industrials

    $LILM
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Lilium NV

      SC 13G/A - Lilium N.V. (0001855756) (Subject)

      11/4/24 7:39:04 PM ET
      $LILM
      Aerospace
      Industrials
    • SEC Form SC 13D/A filed by Lilium NV (Amendment)

      SC 13D/A - Lilium N.V. (0001855756) (Subject)

      5/24/24 9:50:07 PM ET
      $LILM
      Aerospace
      Industrials
    • SEC Form SC 13G filed by Lilium NV

      SC 13G - Lilium N.V. (0001855756) (Subject)

      5/7/24 12:05:52 PM ET
      $LILM
      Aerospace
      Industrials

    $LILM
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • StandardAero Appoints Rama Bondada to Vice President, Investor Relations

      StandardAero (NYSE:SARO), a leading pure-play provider of aerospace aftermarket services for fixed- and rotary-wing aircraft, has appointed Rama Bondada to serve as Vice President, Investor Relations, effective March 17, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250319122146/en/Rama Bondada, Vice President, Investor Relations of StandardAero In this new role for StandardAero, Bondada will be responsible for developing and executing a comprehensive investor relations function and program. He will take the lead in maintaining effective relationships with the investment community and ensuring consistent and timely communi

      3/19/25 4:30:00 PM ET
      $LILM
      $SARO
      Aerospace
      Industrials
    • Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Remitly Global, Inc. (Nasdaq: RELY)

      NOTE TO EDITORS: The Following Is an Investment Opinion Issued by Spruce Point Capital Management Highlights Short-Term Risks Tied to the Uncertain Nature of U.S. Immigration Policies and Longer-Term Structural Displacement Risk From Increasing Adoption of Stablecoins by Processing Partners Such As Stripe Provides Evidence That Remitly Uses Dubious Images and Inaccurate Names of Immigrant Customer Testimonials Along With Doctored Trustpilot Reviews Questions The Stability of Remitly's Take Rate Claims Despite Evidence of Declining Average Transaction Size and A Recent Omission of the Number of Digital Wallets Within Its Disbursement Network Expresses Concerns With Remitly Governance, In

      3/11/25 9:00:00 AM ET
      $FOUR
      $LILM
      $RELY
      Business Services
      Consumer Discretionary
      Aerospace
      Industrials
    • Lilium Launches M&A Process with KPMG, Targets Program Continuation Towards First Flight and Certification

      KPMG mandated for a structured M&A process – first investor briefings to start soonLocal court approved insolvency filings of Lilium's German subsidiaries and appoints custodian and Chief Insolvency Officers (CIOs)The Lilium business remains fully focused on re-emerging following restructuring; setting sights on fresh investment to support the all-electric Lilium Jet's path to certification and entry into serviceTeams on the ground continue to work towards achieving program milestones; Lilium Jet fuselage enters static test rig MUNICH, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), announc

      11/5/24 4:00:00 AM ET
      $LILM
      Aerospace
      Industrials

    $LILM
    Leadership Updates

    Live Leadership Updates

    See more
    • StandardAero Appoints Rama Bondada to Vice President, Investor Relations

      StandardAero (NYSE:SARO), a leading pure-play provider of aerospace aftermarket services for fixed- and rotary-wing aircraft, has appointed Rama Bondada to serve as Vice President, Investor Relations, effective March 17, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250319122146/en/Rama Bondada, Vice President, Investor Relations of StandardAero In this new role for StandardAero, Bondada will be responsible for developing and executing a comprehensive investor relations function and program. He will take the lead in maintaining effective relationships with the investment community and ensuring consistent and timely communi

      3/19/25 4:30:00 PM ET
      $LILM
      $SARO
      Aerospace
      Industrials
    • Lilium Launches M&A Process with KPMG, Targets Program Continuation Towards First Flight and Certification

      KPMG mandated for a structured M&A process – first investor briefings to start soonLocal court approved insolvency filings of Lilium's German subsidiaries and appoints custodian and Chief Insolvency Officers (CIOs)The Lilium business remains fully focused on re-emerging following restructuring; setting sights on fresh investment to support the all-electric Lilium Jet's path to certification and entry into serviceTeams on the ground continue to work towards achieving program milestones; Lilium Jet fuselage enters static test rig MUNICH, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), announc

      11/5/24 4:00:00 AM ET
      $LILM
      Aerospace
      Industrials
    • Lilium Welcomes Aerospace Industry Veteran Philippe Balducchi to Board of Directors

      Philippe Balducchi is CFO of KNDS, one of Europe's largest defense companiesPreviously: CEO of Airbus Canada, Head of Bombardier C-Series/A220 integration, CFO of Airbus North AmericaAppointment due at EGM on September 18, 2024 MUNICH, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced changes to its Board of Directors, subject to approval at the upcoming extraordinary general meeting of shareholders (EGM) on Wednesday, September 18, 2024. The company intends to appoint Philippe Balducchi as a non-executive member of the Board, while Barry Engle and Henri Courpron, who have

      9/12/24 7:30:00 AM ET
      $LILM
      Aerospace
      Industrials