Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
Please consider a small donation if you think this website provides you with relevant information
| Statement |
|---|
| We continue to have constructive discussions to ensure we have strong liquidity as we execute on our key milestones to certification and full commercialization |
| This value and know-how, together with the approved competency to design aircraft according to the higher safety standards and the progress we have made towards bringing to market a significantly superior product giving Lilium a sound foundation for the future |
| And we believe this gives us success to some of the best aerospace engineering and manufacturing minds in the eVTOL industry |
| In our view, this level of interest and inspection is the ultimate testament to the strong progress we are making |
| So to summarize our commercial success, we're excited about what we've accomplished in the past month in terms of new sales opportunities and the launch of our services business, Lilium POWER-ON |
| We are proud of what we accomplished in 2023 and the strategic partnerships that we signed both on the operational side with suppliers and with customers for our commercial market entry |
| We are making good progress towards initial serious production of the battery packs and energy system |
| We are really delighted because every time I'm going down into our production or test hangers, I'm seeing something different |
| We have made strong progress in our certification process with design organization approval |
| And we are in dialogue with existing shareholders and we get an amazing support with our largest and oldest investors here is incredible |
| So steady premium and high net worth individuals purchases and the shuttle edition growing tremendously in the next few years |
| So this is the portion I would say with the strongest growth potential |
| This is the same level of safety used for large commercial aircraft such as the Airbus A320 and to put this level of safety into context, the total A320 family, which is the best-selling large commercial aircraft in the world since its introduction in 1987, has about 310 million flight hours as of September 2023 |
| This is probably a good time to also remind you that unlike most of the eVTOL industry, we are certifying to the highest level of safety in the commercial aerospace industry as per EASA rules |
| We are a USP and we also have a good trajectory in terms of developing our product further where others will just have limits in terms of range extension that we don't have |
| Our collaboration with Lufthansa therefore represents an exciting opportunity to bring Lilium Jet flights to Lufthansa group customers |
| We are therefore well positioned to provide multiple services as part of the Lilium POWER-ON business |
| We also received our first customer pre-delivery payments for the Lilium Jet ahead of expectations |
| So that is really of great help for us |
| We are also very excited about our ongoing discussion with large online customers to provide a cost-effective solution, both for point-to-point connections and first-to-last mile experience |
| We have met our milestones and achieved the goals we have promised to our investors who have been with us for a long time |
| So we provide an opportunity for some stability and capacity utilization for diversified high end battery producers |
| Ladies and gentlemen, Lilium has again taken significant strides towards certification, production, and entry into service of the revolutionary Lilium Jet |
| Also, on the adoption front, our newly formed Aftermarket Service Business sets us with a safe and reliable network to maintain our accustoms Lilium Jet fleets while being additive to our profit streams in the future |
| It's for sure all around our very innovative propulsion systems |
| Secondly, moving on to another proud achievement at the end of last year, we signed an MoU with Lufthansa to collaborate on eVTOL opportunities |
| Very good |
| Liliam thus becomes the first company to be qualified to be a full-time certificate holder for aircraft certified under these rules, which represents the highest safety level globally for eVTOL aircraft |
| As you know, the premium market is a healthy market which will stay steady over the years who will always continue to sell to the premium market and so since we're starting with this and since we will introduce then the shuttle edition which serves six passengers, scheduled operation, you will see the growth and therefore more and more shuttle coming in and the premium staying steady you're looking at your 50 to 100 premium a year, 150 if it continues to grow and have the discussion -- the current discussion going very well |
| And for sure, as we've said several times in the past, we foresee over the years a lot of improvement coming in with the battery system |
| Statement |
|---|
| In this industry, we unfortunately have seen what happens when safety is sacrificed for speed to market |
| Is there any concern that competitors making it to market faster will harm your progress or future profitability? I think the Lilium Jet is a better design, but I wonder if timing and flight heritage will be important |
| On the other side, when we are going to entry into service in ‘26 and maybe some of our competitors are going to do, I believe there will be such a storm in the market there will be such a demand that it's more a supply-driven market than a demand-driven market |
| This is known as a 10 to the minus 9 level of safety, which means only one aircraft lost for 1 billion flight hours |
| And we will be so for quite a while, but it doesn't mean we are satisfied |
| Securities and Exchange Commission for more information on these risks |
| So I'm not concerned |
Please consider a small donation if you think this website provides you with relevant information