LIL

Lilium

NL0015000F41

LILM

LILM

$LILM (+4,41%) is facing financial challenges. So far, losses of 1.446 billion euros have accumulated, while turnover is almost zero. In the first half of 2024, the operating loss amounted to 185.9 million euros, but the net loss was 86.9 million euros due to positive revaluations. The company still has EUR 110 million in cash at mid-year and is negotiating with the federal government and Bavaria for financial aid, which could soon be approved. Investors have already pledged 32 million euros, depending on government support.

Despite the financial situation, Lilium is reporting progress in the development of its e-aircraft, which is to be used as a small vertical take-off aircraft. Three models are already complete or in production, and the fourth model is scheduled to go into production in the first half of 2025. A milestone has been reached with the "power-on" of the first model, which confirms the functionality of the power grid.

Source: https://www.welt.de/wirtschaft/article253792842/Lilium-Insolvenz-droht-Die-Bankrotterklaerung-des-Flugtaxi-Pioniers.html

#1

I have been involved in the EVTOL sector for some time now and find it very promising for the future.

There are a large number of companies that want to develop EVTOL aircraft (electrically powered vertical take-off and landing aircraft) in the future, some of which are already in promising test phases. In addition, some of the most promising companies are already listed on the stock exchange. The following EVTOL manufacturers are listed on the stock exchange:

• Archer ($ACHR )
• Joby Aviation ($JOBY )
• Lilium ($LILM (+4,41%) )
• Vertical Aerospace ($EVTL )
• Ehang ($EH )
• Horizon Aircraft ($HOR )
• Airbus ($AIR (+0,88%)
  

However, there are other promising developers that are not currently listed on the stock exchange, so direct investments in these companies are not possible. Here is an overview of the unlisted companies:

• Volocopter
• Xpeng Aeroht
• Wisk
• Supernal
• Eve Air Mobility
• AIR VEV

I asked myself how the industry is structured and whether it is possible to invest in the industry through indirect investments. And I will say this much: yes, you can.

Here is an overview of the value chain:

$LILM (+4,41%)

The development of air cabs, as planned by the company Lilium, is at a crucial point.

Lilium wants to test an electrically powered series model soon and already has numerous orders, including from Saudi Arabia. However, the company needs state support to bridge the gap until it is ready for the market. Bavaria has promised a loan guarantee and the federal government is also looking into assistance. However, critics doubt the economic success of such projects. Lilium sees air cabs more as shuttles between smaller towns or airports. The prospects for success remain uncertain, especially in Europe, while Asia, the Middle East and Latin America are considered promising markets.

Source: https://www.br.de/nachrichten/wirtschaft/flugtaxis-in-entscheidender-phase-senkrechtstart-oder-absturz,UOd7Jf0

Lilium
$LILM (+4,41%) the Bavarian developer of an electric air taxiis to receive a state guarantee of 50 million euros - on condition that the federal government 🇩🇪 also provides a guarantee of the same amount.

The company has been trying for some time to obtain a loan of at least 100 million euros and has threatened to leave Germany 🇩🇪 if it fails.

Lilium is developing an electrically powered vertical take-off aircraft (eVTOL) and, despite high investments and a major order from Saudi Arabia 🇸🇦, has hardly generated any sales to date.

The first manned test flights are scheduled for early 2025 planned.

Philippe Balducchi moves to $LILM (+4,41%)

MUNICH, Germany, September 12, 2024:

Lilium N.V. ($LILM (+4,41%) ), a leading manufacturer of electric aircraft and pioneer in the field of Regional Air Mobility (RAM), today announced changes to its Board of Directors, which are subject to approval at the upcoming Extraordinary General Meeting of Shareholders (EGM) on Wednesday, September 18, 2024.

The company intends to, Philippe Balducchi as a non-executive director, while Barry Engle and Henri Courpron, who have served as non-executive directors, will not stand for re-election upon expiry of their terms.

Philippe Balducchi is currently Group CFO at KNDS, a leading European defense technology provider with manufacturing facilities in France and Germany and international industrial partnerships.

Philippe Balducchi brings extensive experience in aerospace programs, having previously held several senior management positions during a 20-year career at Airbus and its predecessor companies. As CEO of Airbus Canada, Philippe oversaw the production ramp-up of the successful Bombardier C Series, its renaming to Airbus A220 and the establishment of a new final assembly line in Alabama. Mr. Balducchi is an aeronautical engineer and holds an MBA from HEC Paris Business School.

Tom Enders, Chairman of Lilium, commented on the EGM proposal: "Philippe's strategic insight, financial expertise and experience in managing large-scale operations in the aerospace and defense sector make him a valuable addition to Lilium's Board."

Philippe Balducchi commented: "I am delighted to be proposed for a position at Lilium at such an exciting time in its development. The company's vision for electric air mobility is not only innovative but also transformative for the industry. I look forward to contributing to Lilium's continued success and working with the talented team and board members to advance our shared goals."

Barry Engle and Henri Courpron have both been instrumental in shaping Lilium's direction and helping the company evolve from a startup to an established aviation company.

Barry Engle has been a member of Lilium's Board of Directors since September 2021. He played a key role in securing Lilium's NASDAQ listing through a De-SPAC process. Since joining the Board, Barry has served as Chairman of the Audit Committee. He has now taken on a business position that no longer allows him to be part of a board in Europe.

Tom Enders, Chairman of Lilium, said: "Barry and Henri have made outstanding contributions to Lilium. Serving on a board on the other side of the Atlantic brings additional challenges and sacrifices.

We are very grateful for their service and wish them all the best for the future."

Press release:

https://lilium.com/newsroom-detail/lilium-welcomes-philippe-balducchi