Lilium has named business aircraft brokerage ArcosJet DMCC as its exclusive authorized dealer for private aircraft sales in Cyprus, Israel and the UAE.
The AAM Stock Composite declined by more than 10% last week, its second straight double-digit weekly loss, falling to its lowest level since early January.
Beta Technologies has applied for a $150 million loan guarantee from the U.S. Export-Import Bank to finance its electric aircraft manufacturing facility.
Korean Air and Supernal have announced a strategic partnership to accelerate the design of an eVTOL vehicle and develop the AAM ecosystem in South Korea.