Lilium, a German start-up making electric jets that can take off and land vertically, has announced plans to sell 220 aircraft to Brazilian airliner Azul.
Lilium plans to sell 220 of its vehicles for up to $1 billion to Brazilian airliner Azul.
The aviation industry is under intensifying pressure to look at new ways of powering their carriers as policymakers publicly acknowledge the necessity of transitioning to a low-carbon society.Lilium, a German start-up making electric jets that can take off and land vertically, has announced plans to sell 220 of its vehicles for up to $1 billion to Brazilian airliner Azul.
"The aircraft we're planning to launch will do 175 miles an hour," Alex Asseily, Lilium's chief strategy officer, told CNBC on Monday. "The range will be 155 miles." Lilium's latest aircraft is a five-seater model but the one that goes into serial production and gets sold to Azul will be a seven-seater model, Asseily said, adding that the production line is 50% complete.Azul is the largest domestic airline in Brazil in terms of cities served and daily departures.
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