Lilium Finalizes Business Combination With Qell Acquisition Corporation | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.08.24

Airborne-NextGen-07.09.24

Airborne-Unlimited-07.10.24 HOLIDAY

Airborne-AffordableFlyers-07.05.24

Sun, Sep 19, 2021

Lilium Finalizes Business Combination With Qell Acquisition Corporation

Stocks Will Be Available On The Nasdaq

Lilium reveals the completion of its business combination with Qell, a publicly listed special purpose acquisition company, approved by Qell’s shareholders on September 10. 98% of the votes were in favor of this combination. 

Beginning September 15, 2021, Lilium's Class A ordinary shares and redeemable warrants will trade on the Nasdaq under the symbols "LILM" and "LILMW", respectively.

"In 2015 with the clear vision that the decarbonization of aviation is inevitable, we set out to build a team and product that would radically transform the way the world moves,” said Daniel Wiegand, Co-Founder and CEO of Lilium. “Six years and five generations of technology demonstrator aircraft later, we're closer than ever to this goal. Today's milestone will bring us even closer to launching our service in 2024 and making sustainable, high-speed regional air travel a reality to communities around the world."

Qell is equally pleased with the combination. "We see Lilium as a once-in-a-lifetime opportunity that will be at the forefront of a whole new industry,” said Barry Engle, CEO and Co-Founder of Qell. “Lilium has the capacity to revolutionize regional travel, saving people hours so they can quickly travel from city to city. Using its 7-Seater Lilium Jet, Lilium's regional shuttle service should enable sustainable, high-speed transportation. Qell is proud to bring this exciting company to the public markets." 

Tom Enders, will become Chairman of the Board: "Shareholders, management and more than 700 employees are united in their quest for sustainable aviation for everybody,” Tom Enders, Chairman of the Board, said.

“It will not be an easy journey but we have the technology, the team and the resources to be very confident that Lilium will make it happen. Our role as a Board of Directors is to make strategic decisions, to supervise, to coach and to advise. I am proud to be leading one of the most diverse and competent Boards in our industry."

FMI: https://lilium.com, https://qellspac.com

Advertisement

More News

Airborne-Flight Training 07.11.24: Alabama Av HS, Med Certs, Diamond-Turkish A/L

Also: PAL Aerospace, ERAU Eclipse, Second Las Vegas Airport, Drone MIL Exhibition The Alabama Aerospace and Aviation High School (AAHS) enrolled its first 9th and 10th grade studen>[...]

ANN's Daily Aero-Term (07.12.24): Minimum Fuel

Minimum Fuel Indicates that an aircraft's fuel supply has reached a state where, upon reaching the destination, it can accept little or no delay. This is not an emergency situation>[...]

Classic Aero-TV: Portrait of Montaer’s MC-01

From 2023 (YouTube Version): Brazil’s Take on The LSA Based on DeLand, Florida’s DeLand Municipal Airport (DED), Aero Affinity Holding Corporation maintains the rights >[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN! 1) I forgot my password. How do I find it? 1) Easy... click here and give us your e-mail address--we'll send it to you >[...]

Aero-News: Quote of the Day (07.12.24)

“I look at the Cessna SkyCourier as a next generation aircraft for Bush Alaska. The SkyCourier Combi will allow us to be flexible and serve the unique needs of citizens in re>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC