{"id":401,"date":"2024-10-12T17:31:14","date_gmt":"2024-10-12T17:31:14","guid":{"rendered":"https:\/\/vtolbuzz.com\/?p=401"},"modified":"2025-02-25T03:54:24","modified_gmt":"2025-02-25T03:54:24","slug":"say-oui-to-the-fleur-de-lys","status":"publish","type":"post","link":"https:\/\/vtolbuzz.com\/index.php\/2024\/10\/12\/say-oui-to-the-fleur-de-lys\/","title":{"rendered":"Say \u201cOui\u201d to the Fleur de Lys! \u269c\ufe0f Lilium’s destiny in an electrified France."},"content":{"rendered":"\n

(Yes, we know the correct pronunciation, but thought this was fun!)<\/h4>\n\n\n\n

Two potential sources of funding might provide the spark that jumpstarts electric VTOL manufacture Lilium\u2019s growth.<\/p>\n\n\n\n

Both a \u20ac100 million ($110 million) loan from the German government owned KfW Development Bank and a French government investment of \u20ac220 million would provide Lilium with the capital to expand production of its aircraft and provide vital jobs within the respective countries.<\/p>\n\n\n\n

The German loan is conditional on Lilium meeting a \u201cMinimum Funding Requirement\u201d in which Lilium must obtain funding from other investors before KfW Development Bank will fund the first to tranches of the \u20ac100 million Government Convertible Loan. Lilium stated in its September 30th<\/sup> 2024 Form K-6 that they expect the approval for the loan to be approved \u201cwithin the next few weeks\u201d. Another \u201cthree to five weeks\u201d would be necessary for completion & finalization of the loan, and more importantly, the cash infusion of the first tranches into Lilium\u2019s accounts.<\/p>\n\n\n\n

\n
\"\"<\/figure>
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First Photo:<\/strong> Gates of Versailles Palace with Fleur de Lys ornaments (representing the Royals of France) <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Above: <\/strong>logo of Munich based electric aircraft manufacturer Lilium<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

<\/p>\n\n\n\n

The French investment is a direct result of the \u201cChoose France Summit\u201d held on the 13th<\/sup> of May at the Ch\u00e2teau de Versailles, in which Lilium was in talks with the French government regarding financial investment into the company. Lilium could utilize France\u2019s highly developed aerospace sector, its historical pedigree and bring 850 jobs to France while securing \u20ac220 million in necessary funding from the French government. \u00a0France has a large supplier base in its aerospace industry, which would enable Lilium to acquire parts and other supplies at more competitive prices. France is also the world\u2019s largest net exporter of electricity, with 65% derived from nuclear power, and 14% from wind and solar. Only 8% of France\u2019s electricity is produced from fossil fuels. As France has already done with the electrification of the railways, France can power air travel with cleaner electric energy thanks to Lilium. Thus, Lilium could provide France with a green portfolio (or maybe blue, as in clean blue skies) within the aerospace sector that perfectly aligns with the French values regarding taking care of the planet.<\/p>\n\n\n\n

It would be most ideal if both the German and French authorities would provide the financial investment critical for Lilium\u2019s momentum in research\/development and growth to continue at such a fast pace.  However even \u20ac220 million from France would be enough to help Lilium fulfill its destiny in the aerospace industry. Frankly <\/strong>\u269c\ufe0f speaking<\/strong>, the authorities in charge of the lands of the Merovingians should look more closely at Lilium\u2019s own logo as a sign of a blossoming flower stemming<\/strong> from an electric manufacturing plant<\/strong> that needs secure roots<\/strong>. They shouldn\u2019t let this royal opportunity<\/strong> go to waste. We at VTOL buzz encourage the French government to Say \u201cOui\u201d to the Fleur de Lys! <\/strong>\u269c\ufe0f<\/p>\n\n\n\n

SOURCES:<\/p>\n\n\n\n

Lilium\u2019s FORM 6-K ((Sep 30, 2024) click here<\/a><\/p>\n\n\n\n

Lilium\u2019s May 13 press release about French investment click here<\/a><\/p>\n\n\n\n

Lilium Welcomes KfW Due Diligence Undertaking click here<\/a><\/p>\n\n\n\n

Choose France 2024: the summit of all records click here<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

(Yes, we know the correct pronunciation, but thought this was fun!) Two potential sources of funding might provide the spark that jumpstarts electric VTOL manufacture Lilium\u2019s growth. Both a \u20ac100 million ($110 million) loan from the German government owned KfW Development Bank and a French government investment of \u20ac220 million would provide Lilium with the […]<\/p>\n","protected":false},"author":2,"featured_media":428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,30,2,49],"tags":[71,36,37,70,54,51,69,5],"class_list":["post-401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-collaborations","category-evtol","category-regulatory-and-policy-news","category-vtol","tag-cooperation","tag-electric","tag-evtol","tag-finance","tag-france","tag-lilium","tag-stocks","tag-vtol"],"_links":{"self":[{"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/comments?post=401"}],"version-history":[{"count":18,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/401\/revisions"}],"predecessor-version":[{"id":1117,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/401\/revisions\/1117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/media\/428"}],"wp:attachment":[{"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/media?parent=401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/categories?post=401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/tags?post=401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}