FAA Issues G-1 for Lilium Jet, making Lilium only eVTOL manufacturer with EASA and FAA certification basis for a powered lift eVTOL aircraft
June 26 2023 - 4:00AM
Lilium N.V. (NASDAQ: LILM), developer of the first all-electric
vertical take-off and landing (“eVTOL”) jet, announced today that
it has received the Federal Aviation Administration (FAA) G-1
Certification Basis necessary for type certificate validation of
its Lilium Jet by the FAA. In 2020, Lilium’s primary airworthiness
authority, the European Union Aviation Safety Agency (EASA), issued
its certification basis for the Lilium Jet.
To enable global operations, Lilium is pursuing
concurrent certification of the Lilium Jet through validation by
the FAA under the provisions of the Bilateral Aviation Safety
Agreement between the EU and U.S. Lilium is one of a few eVTOL
companies seeking dual certification in the EU and the U.S. and the
only pioneer holding both an EASA and FAA certification basis for a
powered lift eVTOL aircraft.
Since its founding, Lilium has focused on
ensuring that its design, engineering and business operations align
with the rigorous safety standards and certification procedures to
achieve global acceptance. Both Certification Bases result from a
collaborative relationship Lilium has established over the years
under the leadership of Lilium’s experienced senior aerospace
engineers who have developed and delivered some of the world’s most
successful and complex aircraft.
“We are the first powered lift eVTOL pioneer in
our industry holding a Certification Basis from EASA and the FAA,”
said Alastair McIntosh, Lilium Chief Technology Officer. “This is a
major step towards our goal of achieving early certification of our
aircraft in key markets to support a worldwide entry into service.
We are grateful to have found great partners on both sides of the
pond to electrify the skies. As per FAA practice, there will now be
a collaborative process where Lilium and EASA provide feedback to
the FAA before the G-1 is issued for public consultation. We look
forward to continued collaboration with the FAA and EASA.”
“Receiving the FAA G-1 demonstrates the Lilium
Jet’s path to global acceptance by aerospace regulators and the
expected start of global operations in late 2025 for the
revolutionary Lilium Jet,” Lilium Chief Executive Officer Klaus
Roewe said.
Lilium contact information for Media:Meredith
Bell, Vice President, External Communications+41 79 432 57
79press@lilium.com
Contact information for Investors:Dr. Folke
Rauscher, Investor Relationsinvestors@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable
and accessible mode of high-speed, regional transportation for
people and goods. Using the Lilium Jet, an all-electric vertical
take-off and landing jet, offering leading capacity, low noise, and
high performance with zero operating emissions, Lilium is
accelerating the decarbonization of air travel. Working with
aerospace, technology, and infrastructure leaders, and with planned
launch networks announced in Germany, the United States, Brazil,
and the UK, Lilium’s 800+ strong team includes approximately 450
aerospace engineers and a leadership team responsible for
delivering some of the most successful aircraft in aviation
history. Founded in 2015, Lilium’s headquarters and manufacturing
facilities are in Munich, Germany, with teams based across Europe
and the U.S. To learn more, visit www.lilium.com.
Lilium Forward-Looking Statements:
The information contained in this press release
contain certain forward-looking statements within the meaning of
the federal securities laws, including, but not limited to,
statements regarding Lilium N.V.’s and its subsidiaries
(collectively, the “Lilium Group”) proposed business and business
model, the markets and industry in which the Lilium Group operates
or intends to operate, the anticipated timing of the
commercialization and launch of the Lilium Group’s business in
phases, the Lilium Group’s progress towards type certification (and
type certificate validation) of its Lilium Jet with EASA and the
FAA, the expected timing of receiving type certification (and type
certificate validation) from EASA and the FAA, and the future
performance of our innovations and the expected results of the
Lilium Group’s business and business model, including when launched
in phases. These forward-looking statements generally are
identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Forward-looking statements are predictions, projections, and other
statements about future events that are based on management’s
current expectations with respect to future events and are based on
assumptions and subject to risk and uncertainties and subject to
change at any time. Actual events or results may differ materially
from those contained in the projections or forward-looking
statements. Factors that could cause actual future events to differ
materially from the forward-looking statements in this press
release include those discussed in Lilium’s filings with the U.S.
Securities and Exchange Commission (“SEC”), including in the
section titled “Risk Factors” in our Annual Report on Form 20-F for
the year ended December 31, 2022 on file with the SEC, all of which
are available at www.sec.gov. Forward-looking statements speak only
as of the date they are made. You are cautioned not to put undue
reliance on forward-looking statements, and the Company assumes no
obligation to, and does not intend to, update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2e7e4b61-4943-4174-b685-a8c929165c8e
Lilium NV (NASDAQ:LILM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Lilium NV (NASDAQ:LILM)
Historical Stock Chart
From Jul 2023 to Jul 2024