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Lilium says that it refers to the propulsion system as a "jet" because the propellers are enclosed in nacelles. [11] The production Lilium Jet is intended to accommodate six passengers and one pilot. It is powered by 36 electric motors, six on each of the two front canards and twelve on each rear wing.
You’ll often see the price-to-earnings (P/E) ratio near the bottom of the stock quote page, along with a few other financial ratios. Investors can calculate the P/E themselves by taking the ...
The company might struggle to source badly needed funding.
The five-seat Lilium Jet is capable of achieving a top speed of 300 km/h and targets a range of 300 km. [9] In 2017, Lilium announced plans to launch a 5-seat Lilium Jet by 2025, aimed for the air taxi service market. [10]
When customers are told that the reason for a price reduction is a stock clearance, they find this less attractive than other explanations such as a volume discount. [1] This is because they suspect that the stock clearance indicates that the products are of poor quality. There are a number of companies that specialise in stock clearance.
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The company was founded in 1964 and originally known as Executive Jet Airways. The name was later changed to Executive Jet Aviation (EJA), and again in 2002 to NetJets, after Berkshire Hathaway purchased it in 1998. NetJets was the first private business jet charter and aircraft management company in the world. [7]
The state-owned airline made a firm order for 50 of Lilium's electric Vertical Take-Off and Landing (eVTOL) Jets with an option for an additional 50 later, Lilium said. The first of the shuttles ...