Lilium N.V. - LILM STOCK NEWS

Lilium N.V. (NASDAQ: LILM) has successfully completed its second Design Organization Approval (DOA) audit by the European Union Aviation Safety Agency (EASA). This is a crucial step for commercial aircraft manufacturers aimed at achieving type certification of aircraft. Two more DOA audits are required before Lilium receives full organizational approval, coinciding with the type certification of its all-electric vertical take-off and landing jet, the Lilium Jet. The company is also simultaneously pursuing certification with the US Federal Aviation Administration.

Lilium N.V. (NASDAQ: LILM) has submitted its Means of Compliance proposals to the European Union Aviation Safety Agency (EASA) for the certification of the Lilium Jet, marking a critical milestone in the aircraft’s type certification process. This action follows the acceptance of its certification basis (CRI-A01) in 2020. EASA’s certification process includes technical familiarization, establishing a certification program, and compliance demonstration. Lilium aims for concurrent type certification with the U.S. FAA, facilitating its goal of becoming a leader in sustainable aviation.

Lilium N.V. (NASDAQ: LILM) has commenced its next phase of flight testing at the ATLAS Flight Test Center in Spain, utilizing its Phoenix 2 technology demonstrator. This phase aims to extend its flight capabilities with full transition and high-speed flight. An additional demonstrator, Phoenix 3, is expected to arrive this summer to enhance testing efforts. The location's favorable weather and infrastructure are advantageous for the flight campaign, as emphasized by CEO Daniel Wiegand, who noted the importance of this step toward sustainable regional air mobility.

Lilium N.V. (NASDAQ: LILM) hosted its inaugural Supplier Day in Munich on April 1, 2022, attracting 168 guests from 74 suppliers, including major companies like Honeywell and Toray. The event highlighted Lilium's vision for sustainable air mobility, underscoring the importance of collaboration in the aerospace sector. Lilium aims to accelerate air travel decarbonization with its all-electric vertical take-off and landing jet. The company also discussed plans for scaling production, emphasizing the necessity of strong partnerships to achieve its mission.

Lilium N.V. (NASDAQ: LILM) has secured the Operational Authorization permit to conduct flight tests in Spain. This permit allows Lilium to utilize its 5th generation eVTOL technology demonstrator, Phoenix 2, at the ATLAS Flight Test Center in Villacarrillo. The company aims to revolutionize regional transportation with its all-electric vertical take-off and landing jets, focusing on sustainability and zero operating emissions. Lilium is actively collaborating with various partners in both Europe and the U.S. to launch their operational networks.

Lilium N.V. (NASDAQ: LILM) announced a unique initiative to engage retail investors by allowing them to crowdsource questions for its upcoming Full Year 2021 business update webcast. From February 21 to February 27, 2022, verified shareholders can submit and upvote their inquiries through the Say Connect platform. This move aims to enhance communication and investor relations. The webcast is scheduled for March 1, 2022, at 8:00 AM EST. Lilium emphasizes its commitment to decarbonizing mobility and intends to leverage innovative platforms to improve engagement with its shareholder community.

Lilium N.V. (NASDAQ: LILM) will release its Fiscal Year 2021 Business Update on March 1, 2022, at 8:00 a.m. EST, with a webcast available on their investor relations website. Lilium aims to revolutionize regional transportation using its all-electric vertical take-off and landing jet, contributing to the decarbonization of air travel. The company collaborates with industry leaders in the U.S., Germany, and Brazil. Founded in 2015, Lilium is headquartered in Munich, with a diverse team of over 750 professionals, including 400 aerospace engineers.

Lilium N.V. (NASDAQ: LILM) has appointed Andrew Strachan as Chief Test Pilot, bringing over 30 years of aviation experience, particularly in test flying. This strategic move is aimed at enhancing Lilium's flight test campaign, which will now take place at the ATLAS Flight Test Center in Spain, allowing for higher speed and longer distance tests. The company analyzed various locations in Spain and chose ATLAS for its optimal conditions. Lilium is focused on sustainable aviation technology, and Strachan's expertise is expected to contribute significantly to its growth and flight testing capabilities.