The region, in particular the United Arab Emirates (UAE), is a favourable climate for the market with government supporting a transition to a more sustainable future, according to ArcosJet. The firm made the announce during this week’s Corporate Jet Investor Dubai 2024. ArcosJet is the exclusive deal to handle private sales in the UAE, Israel and Cyprus of German firm Lilium’s eVTOL aircraft which is currently under development.

Mikhail Alenkin (pictured centre), ArcosJet CEO and founder, said the UAE today is the world’s main hub for innovation, finance, transportation and finding solutions to environmental issues. The current economic conditions, the concentration of HNWIs, the high level of urbanisation and, of course, the interest in advanced sustainable technologies are the key drivers for the eVTOL market development in the region, he said.

“ArcosJet sees eVTOLs in general, and the Lilium Jet in particular, as a very effective tool for creating a modern, high-tech and sustainable system of advanced air mobility and last mile transportation in the region. Today, the Lilium Jet is one of the most remarkable and significantly developed programs when it comes to eVTOLs. The technical solutions, scope of work and goals are very impressive and convincing.” added Alenkin.

ArcosJet anticipates that eVTOLs will initially emerge in the UAE as a supplement for existing helicopter services, which are currently considered underdeveloped. The firm is also investing in developing an ecosystem for the operation and maintenance of helicopters and eVTOLs in the UAE.

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The agreement includes a commitment fee payment to Lilium as ArcosJet becomes the German OEM’s first reseller in the Middle East and its fifth dealer globally. The two firms will announce further details of the partnership at this year’s Dubai Airshow, which is taking place next month.

Mikhail Alenkin, ArcosJet founder and CEO said: “At ArcosJet, we appreciate Lilium’s mission as we see tremendous potential in the emerging eVTOL market — especially for jet-powered aircraft, and we are grateful that Lilium is partnering with us. We are sure that combining our experience in selling conventional aircraft with the economic and sociodemographic characteristics of UAE, Israel, and the Republic of Cyprus can result in the region becoming a leader in the sales and operation of the revolutionary Lilium Jet.”

Lilium’s Pioneer Edition is the first planned model of the Lilium Jet and, if and when certified, will  carry four passengers an estimated non-stop flight range of 175km at speeds of 250kph. The first manned flight for the type-conforming aircraft is scheduled for late 2024, with type certification expected in late 2025.

Sebastien Borel, chief commercial officer at Lilium said: “The Middle East offers tremendous opportunity for eVTOLs and we are proud to add a reliable and experienced partner to sell and operate the Lilium Jet in the region. ArcosJet has an impressive portfolio of successful deals, profound knowledge within aircraft fleet management and a huge network of industry connections to help drive firm orders of our eVTOL jet. A new era of sustainable aviation is coming and we are proud to be blazing the trail here alongside our new partners who support our aspirations toward new technologies and markets.”

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