During the Corporate Jet Investor Dubai 2024 conference, ArcosJet, a prominent Dubai-based global aircraft brokerage and dealership company, asserted the Middle East’s, particularly the UAE’s, potential as a burgeoning market for advanced air mobility. The company foresees the region transitioning into a launchpad for electric Vertical Take-Off and Landing (eVTOL) aircraft in the near future. As the exclusive authorised dealer for private sales of the Lilium Jet in the UAE, Israel, and Cyprus, ArcosJet positions itself at the forefront of this transformative industry.
Mikhail Alenkin, CEO and Founder of ArcosJet, highlighted the UAE’s status as a leading hub for innovation, finance, and transportation during a panel discussion on the anticipated development of advanced air mobility in the Middle East. Alenkin emphasised the region’s conducive economic conditions, the concentration of High Net Worth Individuals (HNWIs), high urbanisation rates, and a growing interest in sustainable technologies as key drivers for the eVTOL market.
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Alenkin expressed confidence in the effectiveness of eVTOLs, particularly the Lilium Jet, in establishing a modern, sustainable system of advanced air mobility and last-mile transportation in the region. He commended the technical advancements and ambitious goals of the Lilium Jet programme, positioning it as a notable player in the eVTOL landscape.
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Anticipating eVTOLs to initially complement existing helicopter services in the UAE, ArcosJet views the Lilium Jet as a safe and comfortable alternative in the advanced air mobility sector. The company is investing in developing an ecosystem for the operation and maintenance of both helicopters and eVTOLs, aiming to provide comprehensive solutions for their customers’ needs in aircraft operation.
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Meanwhile, Lilium N.V., the developer of the all-electric vertical take-off and landing jet, is dedicated to creating a sustainable and accessible mode of high-speed regional transportation. Founded in 2015 and headquartered in Munich, Germany, Lilium is committed to accelerating the decarbonisation of air travel with its innovative aircraft.
About ArcosJet
Founded in 2014 ArcosJet has become one of the top business aircraft brokers with strong presence in the Middle East, Europe, the CIS and worldwide, featuring a portfolio of dozens of successful international aircraft transactions with a specialization in large and long-range business jets segment. By early 2020s the company has expanded its business portfolio to projects in airline industry, new aircraft dealership, helicopter & eVTOL operation and infrastructure.
