Lilium inks $1B commercial deal & strategic alliance with Azul

  • To be a global leader in regional electric air mobility, Lilium GmbH has signed a $1B commercial deal and strategic alliance with leading Brazilian airline Azul S.A (NYSE:AZUL).
  • Lilium plans to work with Azul to radically transform high-speed regional transportation in a country which sees close to 100M domestic air passengers a year.
  • As part of the commercial arrangement, Lilium would intend to sell 220 aircraft for Azul to operate across the network expected to start in 2025 for an aggregate value of up to $1B.
  • David Neeleman, Chairman of Azul, said: "Since Azul's founding 13 years ago, the Brazilian aviation market has doubled with Azul capturing almost 60% of the growth. We know how to create and grow new markets, and once again we see huge market opportunity by bringing the Lilium Jet to Brazil."
  • The company also announced the appointment of Tesla veteran Gabrielle Toledano and Henri Courpron to the Board of Directors of Lilium N.V. upon completion of Lilium's business combination with Qell Acquisition (NASDAQ:QELL).

    Over the current book year the total revenu from the company based in Barueri will be 1.72 billion USD (consensus estimates). This is rather significant lower than 2021's revenue of 5.74 billion USD.

    Historical revenues and results Azul SA plus estimates 2021

    aandeel

    The analysts expect for 2021 a net loss of 558 million USD. Most of the analysts anticipate on a loss per share of 5.58 USD. With this the price/earnings-ratio is -3.81.

    For this year analysts don't expect the company to pay a dividend.

    Based on the current number of shares Azul SA 's market capitalization equals 7.01 billion USD. 72

    Historical stock prices Azul SA

    historical stocks azulsa

    At 22.10 the stock trades 1.83 percent lower at 21.28 USD.

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