Summary by Moomoo AI
Lilium has reaffirmed its delivery schedule for first customer deliveries in 2026 while announcing that the first manned flight test of the Lilium Jet will occur in early 2025. The revised timeline, driven by supply chain constraints affecting delivery of flight testing equipment and components, is not expected to materially impact customer deliveries or program costs.The company is currently assembling its first two aircraft at its Gauting facility, with the first aircraft (MSN 1) starting ground testing in weeks, followed by MSN 2 in fall. Three aircraft will be in production by year-end, with a full structural aircraft for static tests available in fall. Additionally, an engineering simulator developed by FlightSafety International will be delivered in early 2025.In May and June 2024, Lilium completed a capital raise of approximately $113 million in gross proceeds, including investments from Aceville Pte. Limited, Barry Engle, and Niklas Zennström. The company expects to fund operations until type certification through existing cash, non-dilutive financing, government support, and customer pre-delivery payments.
