Bristow Group Inc. (NYSE: VTOL) (“Bristow”), the global leader in
innovative and sustainable vertical flight solutions, and Lilium
N.V. (NASDAQ: LILM) (“Lilium”), developer of the world’s first
electric vertical-takeoff and landing (“eVTOL”) jet, announced
today a strategic partnership where Bristow will have the option to
purchase 50 Lilium Jets in addition to providing maintenance
services for the Lilium Jet’s launch network in Florida, and other
future U.S and European markets.
The non-binding Memorandum of Understanding (“MOU”) outlines
collaboration between Bristow and Lilium on the development of a
maintenance program to support the operation of the Lilium Jet,
including the ramp up of maintenance in support of the Lilium Jet’s
entry into service (“EIS”) and post EIS services. The MOU also
enables Bristow to become an authorized service provider for
Lilium. The MOU further outlines how Lilium and Bristow may
collaborate on the process for achieving the relevant regulatory
approvals for operating the Lilium Jet in Florida and plans for
Bristow to purchase 50 Lilium Jets.
Lilium is among the first eVTOL companies to pair certified air
carriers with infrastructure developers and support services, such
as maintenance and repair and flight training. The addition of
Bristow as a Part 145 maintenance provider marks significant
progress for Lilium, adding another reputable partner to enable its
regional air service in North America and Europe.
Daniel Wiegand, Co-Founder and CEO of Lilium, said, “The Bristow
partnership builds on our existing partnerships with other
best-in-class organizations. Like our other partners, Bristow is
regarded as the best in their field. They are a leading maintenance
provider with incredible operational experience. Lilium is
committed to working together with the best aviation partners to
enable a successful commercial entry for the Lilium Jet.”
Bristow is the global leader in innovative and sustainable
vertical aviation solutions to some of the world’s leading offshore
energy companies. Bristow is actively transforming its business to
embrace innovative and sustainable technology including eVTOL
aircraft.
“Leveraging our 70+ year legacy of innovative and sustainable
vertical flight to partner with companies like Lilium to usher in a
new era of vertical flight solutions is a cornerstone of Bristow’s
future operational outlook,” said Christopher Bradshaw, President
and Chief Executive Officer of Bristow. “Bristow has played a key
role in successfully introducing several new VTOL platforms for the
past 50+ years, so it is a natural evolution for us to take a
leading role in the new and exciting Advanced Air Mobility market
and lend our expertise to innovative and dynamic companies like
Lilium. We are excited about the future of vertical lift and the
important role Bristow and companies like Lilium will play
together.”
The proposed arrangement between Bristow and Lilium is subject
to the parties finalizing commercial terms and entering into
definitive agreements with respect thereto, and the satisfaction of
certain conditions.About Bristow Group:
Bristow Group Inc. is the leading global provider of innovative
and sustainable vertical flight solutions. Bristow primarily
provides aviation services to a broad base of major integrated,
national and independent offshore energy companies. Bristow
provides commercial search and rescue (SAR) services in several
countries and public sector SAR services in the United Kingdom
(U.K.) on behalf of the Maritime & Coastguard Agency (MCA).
Additionally, the Company offers ad hoc helicopter and fixed wing
transportation services.
Bristow currently has customers in Australia, Brazil, Canada,
Chile, the Dutch Caribbean, Guyana, India, Mexico, the Netherlands,
Nigeria, Norway, Spain, Suriname, Trinidad, the U.K. and the U.S.
To learn more, visit our website at www.bristowgroup.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 and Brazil, 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.
Contact information for Media:
Bristow Group Inc.Adam Morgan+1
832.783.7927Adam.Morgan@bristowgroup.com
Lilium N.V.
Meredith Bell, Lilium+41 79 432 57 79press@lilium.com
Bristow Forward-Looking Statements
Disclosure
This press release contains “forward-looking statements.”
Forward-looking statements represent Bristow Group Inc.'s
(“Bristow”) current expectations or forecasts of future events.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as “may,” “will,” “expect,”
“intend,” “estimate,” “anticipate,” “believe,” “project,” or
“continue,” or other similar words. These statements are made under
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, reflect management's current views with respect
to future events and therefore are subject to significant risks and
uncertainties, both known and unknown. Without limiting the
generality of the foregoing, such forward-looking statements
include statements regarding the capabilities, development,
certification, marketing, and future operations of the Lilium Jet,
Bristow’s purchase of aircraft from Lilium, and the anticipated
benefits of the collaboration between Bristow and Lilium. Bristow’s
actual results may vary materially from those anticipated in
forward-looking statements. Bristow cautions investors not to place
undue reliance on any forward-looking statements.
Forward-looking statements speak only as of the date of the
document in which they are made. Bristow disclaims any obligation
or undertaking to provide any updates or revisions to any
forward-looking statement to reflect any change in Bristow’s
expectations or any change in events, conditions or circumstances
on which the forward-looking statement is based that occur after
the date hereof. You should not place undue reliance on our
forward-looking statements because the matters they describe are
subject to known and unknown risks, uncertainties and other
unpredictable factors, many of which are beyond our control. Our
forward-looking statements are based on the information currently
available to us and speak only as of the date hereof. New risks and
uncertainties arise from time to time, and it is impossible for us
to predict these matters or how they may affect us. We have
included important factors in the section entitled “Risk Factors”
in Bristow’s Annual Report on Form 10-K for the fiscal year ended
March 31, 2022 (the “Annual Report”) which we believe over time,
could cause our actual results, performance or achievements to
differ from the anticipated results, performance or achievements
that are expressed or implied by our forward-looking statements.
You should consider all risks and uncertainties disclosed in the
Annual Report and in our filings with the United States Securities
and Exchange Commission (the “SEC”), all of which are accessible on
the SEC’s website at www.sec.gov.
Lilium Forward-Looking StatementsThis
communication contains certain forward-looking statements within
the meaning of the federal securities laws, including, but not
limited to, statements regarding Lilium N.V.’s proposed business
and business model, the markets and industry in which Lilium N.V.
and its subsidiaries (collectively, the “Lilium Group”) operate or
intend to operate, Lilium’s proposed strategic partnership with
Bristow, the anticipated timing of the commercialization and launch
of the Lilium Group’s business in phases 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
communication include those discussed in Lilium’s filings with the
U.S. Securities and Exchange Commission (“SEC”), including its
Annual Report on Form 20-F, all of which are available at
www.sec.gov. For more information, see the section entitled
“Cautionary Note Regarding Forward-Looking Statements” in Lilium’s
Annual Report on Form 20-F and in other filings. 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 Lilium Group 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/f005addb-af0f-4253-a231-65fe3b18760f
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