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An electric jet start-up just signed a $1 billion deal with a commercial airliner

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Lilium, a German start-up making electric jets that can take off and land vertically, has announced plans to sell 220 of its vehicles for up to $1 billion to Brazilian airliner Azul. The two firms said on Monday that they plan to build an eVTOL (electric vehicle takeoff and landing) aircraft network across Brazil between now and 2025. (www.cnbc.com) More...

Tom Novak
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