In its shareholder letter for the fourth quarter of 2023, Lilium said it expects its adjusted cash spend for the first half of 2024 to be between $187-198 million. The expectation is in line with its increase in production and testing activity. “For Lilium, 2023 was a pivotal year, in which we transitioned from design to production of the Lilium Jet, confirmed our credentials as an aviation company by receiving design organisation approval from EASA and secured important airline and battery cell production partnerships,” said Lilium CEO Klaus Roewe. It follow the company’s adjusted cash spend of $165 million in

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