logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Saudia orders 100 eVTOL jets from Lilium

Saudia orders 100 eVTOL jets from Lilium

NOHA.GAD
Jul 21, 2024
Saudia signed an agreement to purchase 100 eVTOL jets from Lilium

Riyadh - Sharikat Mubasher: The Saudi aviation conglomerate Saudia Group signed the largest global agreement with Lilium, a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), to acquire up to 100 Lilium electric vertical take-off and landing (eVTOL) jets.

The jets are expected to be delivered during the fourth quarter (Q4) of 2026, according to the Saudi group's statement.

The agreement was signed by Fahd Al-Jarbou, CEO of Saudia Private, representing Saudia Group, and Klaus Roewe, CEO of Lilium, in the presence of several senior officials including Ibrahim Al-Omar, Director General of Saudia Group, Michael Kindsgrab, German Ambassador to Saudi Arabia, and Lilium Chairman Tom Enders.

This deal, which is considered the largest of its kind in the MENA region, underscores Saudia’s commitment to upgrade electric aviation and enhance passenger experience.

The agreement includes a schedule of deposit and pre-delivery payments, a timeline of future deliveries, guarantees on aircraft performance, and provisions on spare parts, maintenance, and repairs.

Further, Saudia and Lilium will sign a comprehensive “Lilium Power On” agreement for aircraft fleet maintenance and support services.

Al-Omar affirmed that the agreement reflects Saudia’s dedication to reducing its carbon footprint and becoming an industry leader in regional electric aviation.

“This agreement amplifies our commitment to the Saudi Vision 2030 and is the result of a collaborative effort over the past years between Lilium and Saudia Group to explore how we can best bring eVTOL to the skies of Saudi Arabia. We are looking forward to the journey ahead,” Al-Omar added.

For his part, CEO Roewe commented: “Our partnership will combine Saudia Group’s significant market knowledge with our unique eVTOL technology to transform premium class air travel in the GCC region.”

Moreover, the purchase agreement marks the latest addition to Lilium’s extensive order pipeline which now consists of 106 firm orders and reservations, 76 options, and roughly 600 aircraft under MOU.

Tags

Saudi Arabia
Aviation
Jets
MENA
Share

Attract clients with your ad

Start Now

Trending

BwaTech secures $16mn from Sharaka to expand in Saudi market
MUBASHER.SA
Merak Capital invests $1.2mn in Bynow to develop B2B payment solutions
MUBASHER.SA
Badwi: Qsalary offers flexible financial solutions to empower employers, employees
MUBASHER.SA
Alinma invests in Qashio to advance corporate spend management in Kingdom
MUBASHER
Wazen Financial partners with Synclane to boost corporate treasury management
MUBASHER.SA

Related News

Private Equities News
Calendar Icon
Sep 18, 2025
BwaTech secures $16mn from Sharaka to expand in Saudi market
Read More
Private Equities News
Calendar Icon
Sep 18, 2025
MoneyHash partners with Moyasar to drive digital transformation in Kingdom
Read More
Private Equities News
Calendar Icon
Sep 18, 2025
Report: Saudi Arabia to capture 20% of regional civil space services market
Read More
Private Equities News
Calendar Icon
Sep 18, 2025
Enjaz showcases tech solutions at Money 20/20 Middle East
Read More
Private Equities News
Calendar Icon
Sep 17, 2025
Madkhol unveils ‘Ratibi+’ at Money 20/20 Middle East
Read More
Private Equities News
Calendar Icon
Sep 17, 2025
Solutions inks framework agreement with Aramco for computing infrastructure
Read More
Private Equities News
Calendar Icon
Sep 17, 2025
Muhlah Zamaniyah gets SAMA nod to offer consumer microfinance solutions
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher