Loving Lilium (11): The Sparkle in Children’s Eyes
During our holiday on Zakynthos Greece, Lilium planned their second User Experience and showed their 6 passenger cabin at the International Paris Airshow. We missed the show, but we were touched by the words of Alexandra Klotz marketing producer at Lilium.
The Sparkle in Children’s Eyes
She wrote the days after the Paris Airshow on LinkedIn: "After months of an incredible flight with amazing partners within Lilium and outside, it was time to “get ready for landing“ yesterday. ?? ?is magic.?? It brings together commercial & military players, governmental institutions, media, producers, operators & suppliers, decision makers & executers, stand designers & builders, hospitality & logistics, teams & individuals, the ones who look down from the sky & the ones who look up into it, enthusiasts & doubters (and yet they come ??), the pioneers who already changed the industry & the ones who are about to do it. When you see the sparkle in children’s eyes, you know that you also passed this magic onto next generations."
Milestone Magic China
On the first day of the Paris Airshow Lilium announced entrance to the Chinese market with partner Heli-Eastern. Under?the?agreement,?Heli-Eastern which?operates?across?the?Greater?Bay?Area,?the?Yangtze River?Delta, and the Beijing-Tianjin-Hebei?Areas,?intends?to?order?100?Lilium?Jets.?In?addition,?the agreement?contemplates that Heli-Eastern will partner with Lilium to identify potential?sites?and?partners?for?Lilium’s vertiports and other ground infrastructure.?
Lilium also signed a Memorandum of Understanding (MoU)?with Bao’an District of Shenzhen municipality for the opening of?a?regional?Lilium headquarters in Bao’an District?as a first step?in?a partnership to establish a safe and sustainable?e-VTOL?service?in China?with the?Lilium?Jet.?The collaboration will initially focus on?the Guangdong-Hong Kong-Macao Greater Bay Area, with a population of over 85 million?people,?with?plans to?grow?across?China and the broader Asia-Pacific region.?
These are major milestones for Lilium. To become world’s Leading e-VTOL Lilium needs fast growing worldwide sales in all continents, read Loving Lilium (9) The Investor’s Journey.
Milestone Certification Basis EASA / FAA
To become world’s Leading e-VTOL Lilium also needs the best safety standards for global operations. Liliums strategy is to apply for the highest (European) certification standards from EASA (failure 1: 1 bln). By doing so, it’s easier to apply for other certification standards such as FAA (USA). And Lilium’s strategy works because on June 29th the FAA granted Lilium a G-1 Certification Basis necessary for type certificate validation of its Lilium Jet by the FAA.
To enable global operations, Lilium is pursuing concurrent certification of the Lilium Jet through validation by the FAA under the provisions of the Bilateral Aviation Safety Agreement between the EU and U.S. Lilium is one of a few e-VTOL companies seeking dual certification in the EU and the U.S. and the only pioneer holding both an EASA and FAA certification basis for a powered lift e-VTOL aircraft.???
"We are the first powered lift eVTOL pioneer in our industry holding a Certification Basis from EASA and the FAA,” said Alastair McIntosh, Lilium Chief Technology Officer. “This is a major step towards our goal of achieving early certification of our aircraft in key markets to support a worldwide entry into service. We are grateful to have found great partners on both sides of the pond to electrify the skies. As per FAA practice, there will now be a collaborative process where Lilium and EASA provide feedback to the FAA before the G-1 is issued for public consultation. We look forward to continued collaboration with the FAA and EASA."
"Receiving the FAA G-1 demonstrates the Lilium Jet’s path to global acceptance by aerospace regulators and the expected start of global operations in late 2025 for the revolutionary Lilium Jet," Lilium Chief Executive Officer Klaus Roewe said.
New hints from Klaus?
For investors it’s very important to listen carefully to all his interviews. China entrance was not a big surprise for us. You can see and hear in "Loving Lilium (8) Interview CEO Roewe and founder Wiegand" that Klaus gave us a little China hint. China was one of the key reasons why we selected Lilium stock, because Tencent as the major Lilium shareholder always intended to help Lilium for entrance to the Chinese market. And the China market is the biggest.
So now’s the big question: can we find som new hints from Klaus?
Yes, in a publication (2023 June 29th) of Redactions Netzwork Deutschland (RND) we spotted new hints. "I am firmly convinced that we will clarify our financing," says Roewe. In discussions are funds from the Bavarian development bank LfA and the federal development bank KfW, as well as the involvement of a financier from the automotive industry, following the example of the US air taxi competitor Archer. Recently, the Italian-French car manufacturer and Opel's parent company, Stellantis, has joined Archer. However, Roewe remains cautious about this. "Several doors have opened for further financing, but I prefer not to speak about unlaid eggs (ungelegte Eier) that are not yet certain," he says. Read the full RNDarticle for another important hint about Lilium’s businesscase: the first indication that the yearly planned productioncapacity of 400 Jets in Germany will probably be not enough for market demands…
So that’s probably good news for the long run businessmodellers, we expected a max 400 yearly.
Happy Investors
Lilium’s share price is rising fast.
The $1,41 was not the end of the rally. All the good Lilium news and sector news boosted the share last week to a $1,77 closing price on Friday June 30th. Earlier that day we tipped $1,90. Will $ 1,90 be the end of this rally, or is breaking news coming up for a move to next level $1,90 - $2,20?
领英推荐
Milestones next period
We are waiting for more exciting Lilium news next months:
Inspired to get next editions?
Please follow us on our company page on LinkedIn
Inspired to Connect?
Are you a sustainability-driven leader, entrepreneur, innovator or Greentech investor? Please Invite?me?and I connect you.
Lilium - The Leaders Journey - The Full Story Book
You can find all single LinkedIn Loving Lilium articles here.
But there is much more for inspiration! If you want to read The Full Story, you can download the Book for free on our website.
This book is about – you might have guessed already – Lilium. But it is not solely about the most promising and captivating innovation of full electric flying. This book is also about ‘The Leaders Journey’, a full-proof leadership model. I noticed how the Lilium Team follows this path and therefore I am convinced the world will be blown away when Lilium will be officially launched. It will be a revolution in the history of aviation.
Loving Lilium
So, in this book I am sharing the Lillium story, from the perspective of an investor. I instantly fell in love with the model and with the concept (hence the name ‘Loving Lilium’). I am a strong believer and therefore part of the so-called group of early adopters. I will be scanning the market to bring you stories on new developments. But I will also provide information from the inside out, because I was invited to interview members of the Lilium Team. So, if you are interested in Lilium, their sustainability journey, in electric flying and/or in aviation in general, this book will definitely be worth reading.
The Leaders Journey
This book also is about leadership and the journey towards a solid business with a strong business model. As an experienced business innovator I developed ‘The Leaders Journey’. The falling in love with Lilium (an act of the heart) was immediately complemented by the fact that Lilium is following a determined roadmap to success (a realisation of the mind). By telling the Lilium stories I will show you the powerful effect of the Leaders Journey Roadmap. You can of course translate this information to your own (to be created) business. The roadmap helps you finding your destination and setting new milestones. So, if you are interested in a full-proof business model, elaborated by the story of people who dare to dream big (or even sky high), this book will definitely inspire you.
A living book
This book is a living book in which Lilium and some of Lilium's customers will be followed for the next years. As a result, new updates of the book will appear at least monthly, featuring new stories. This book also compiles all previous publications. The most recent book is always available for free download at www.lovinglilium.com.
Menno van Diermen (mailto:[email protected])
?
??????????????????????????????????????????????????????????????????????????????