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Lilium takes to Brazilian skies after signing $1 billion deal with Azul

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German electric jet start-up company Lilium announced on Monday that it will be entering a $1 billion commercial deal with Brazilian airline Azul.

Lilium takes to Brazilian skies

The partnership will see 220 of Lilium’s jets, which are designed to take off and land vertically, in Brazilian skies within the next five years.

The initiative is part of a new electric vehicle take off and landing (eVTOL) aircraft network which could radically change high speed regional travel for the country.

Daniel Wiegand, Co-Founder and CEO of Lilium says the partnership will bring further success to the Brazilian aircraft company.

“Azul has brought convenient and affordable air travel to underserved markets across the Americas and this makes them an ideal partner for Lilium,” says Wiegand.

“We’re excited to work with Azul’s seasoned team to deploy a co-branded eVTOL network in Brazil.”

The seven-seater jets are expected to cost $4.5 million to produce, according to CNBC who spoke with Alex Asseily, Lilium’s chief strategy officer. 

Additionally, they’re expected to reach speeds of 175 miles an hour, while covering a 155 mile range.

Lilium seven-seater passenger jets to transform travel

Brazil is home to one of the world’s leading civilian helicopter and business aviation markets that sees close to 100 million domestic passengers annually.

Because of this, John Rodgerson, CEO of Azul, says they have the full potential to implement the eVTOL market in the country as the demand for it exists. 

“Our brand presence, our unique route network, and our powerful loyalty program give us the tools to create the markets and demand for the Lilium Jet network in Brazil,” Rodgerson says.

“As we did in the Brazilian domestic market over the last 13 years, we look forward to again, now with the Lilium Jet, working to create a whole new market in the years to come.”

Since Azul’s founding in 2008, Chairman David Neeleman says the Brazilian Aviation market has since doubled with the company, capturing almost 60 percent of the growth. 

“We know how to create and grow new markets, and once again we see a huge market opportunity by bringing the Lilium Jet to Brazil.”

 

Written by Rebecca Borg

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Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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TikTok launches Instagram competitor ‘Notes’

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TikTok Notes has launched in Australia & Canada as a formidable competitor to Instagram, offering a unique platform for content creation, text and sharing.

“TikTok Notes is a lifestyle platform that offers informative photo-text content about people’s lives, where you can see individuals sharing their travel tips and daily recipes,” reads the official App Store description.

Take note

The app allows users to create content by combining short videos with text-based notes, closely resembling that of Meta’s Instagram.

Whether it’s sharing a quick tutorial, a personal anecdote, or a thought-provoking message, TikTok Notes is positioned to be a formidable social media platform.

Currently, the app is only available for download and “limited testing” in Australia and Canada.

As it gains momentum, the platform is poised to contest Instagram’s established reign in the social media landscape.

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Ramifications of a TikTok ban to impact Open Internet

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The United States’ longstanding advocacy for an open internet faces a critical juncture as Congress considers legislation targeting TikTok.

The proposed measures, including a forced sale or outright ban of TikTok, have sparked concerns among digital rights advocates and global observers about the implications for internet freedom and international norms.

For decades, the U.S. has championed the concept of an unregulated internet, advocating for the free flow of digital data across borders.

However, the move against TikTok, a platform with 170 million U.S. users, has raised questions about the consistency of America’s stance on internet governance.

Read more – Big tech to handover misinformation data

Critics fear that actions against TikTok could set a precedent for other countries to justify their own internet censorship measures.

Russian blogger Aleksandr Gorbunov warned that Russia could use the U.S. decision to justify further restrictions on platforms like YouTube.

Similarly, Indian lawyer Mishi Choudhary expressed concerns that a U.S. ban on TikTok would embolden the Indian government to impose additional crackdowns on internet freedoms.

Moreover, the proposed legislation could complicate U.S. efforts to advocate for an internet governed by international organizations rather than individual countries.

China, in particular, has promoted a vision of internet sovereignty, advocating for greater national control over online content.

A TikTok ban could undermine America’s credibility in urging other countries to embrace a more open internet governed by global standards.

 

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