Lilium has provided an update on its test program following the completion of a recent program review. Entry into service and first customer deliveries remain on track for 2026 with the first manned flight now expected in early 2025 as opposed to late 2024. This delay is expected to have no impact on customer deliveries, program planning or, importantly, total program costs. We do however see this potentially delaying the receipt of some initial pre-delivery payments that would have likely been unlocked at the first manned flight, potentially impacting working capital in the shorter term. We do not see this as a material delay as the company continues to make progress in its testing program and initial aircraft construction.

17 Jul 2024
Lilium - Test Program Update

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Lilium - Test Program Update
Lilium has provided an update on its test program following the completion of a recent program review. Entry into service and first customer deliveries remain on track for 2026 with the first manned flight now expected in early 2025 as opposed to late 2024. This delay is expected to have no impact on customer deliveries, program planning or, importantly, total program costs. We do however see this potentially delaying the receipt of some initial pre-delivery payments that would have likely been unlocked at the first manned flight, potentially impacting working capital in the shorter term. We do not see this as a material delay as the company continues to make progress in its testing program and initial aircraft construction.