Lilium Applauds Congress for Prioritizing Electric Aviation in FAA Reauthorization

WASHINGTON, D.C., MAY 16, 2024 -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), applauds the United States Congress for reaching an agreement to reauthorize the Federal Aviation Administration (FAA) and National Transportation Security Board (NTSB) for the next five years. After working with lawmakers on Capitol Hill to advocate for effective eVTOL policies in the bill, Lilium celebrates seeing that several electric aviation initiatives were prioritized in the final bill. 

Lilium joins its industry partners in welcoming the updated Special Federal Aviation Regulation (SFAR) on Powered-Lift Certifications and Operations by the end of 2024. The timely update of this FAA rulemaking is essential for the success of this innovative industry.  

Klaus Roewe, Lilium’s CEO, said, “We are encouraged to see U.S. lawmakers take concrete steps toward ensuring the creation of rules necessary for eVTOLs to operate in the U.S. The U.S. is a globally important market for aircraft like the Lilium Jet and we welcome this additional guidance from the United States Congress as we seek dual certification in both the U.S. and at home in Europe.” 

Lilium is also encouraged by the legislation’s prioritization of infrastructure development for eVTOL aircraft, including new guidance for a performance-based vertiport design advisory circular (AC) by end of 2025 and an updated process for environmental assessments. 

Matt Broffman, Lilium’s Head of Public Affairs and Partnerships for the Americas, said, “We commend the United States Congress for their dedication to electrifying aviation and for recognizing the vital role that our industry will play in the future of transportation. We have spent the past several years working with partners to develop landing sites for our aircraft in the U.S. along with recently announcing the first US eVTOL sales to an independent commercial operator. We appreciate this commitment from Congress which supports the successful integration of the Lilium Jet in the US. We look forward to working closely with our partners at the FAA and in Congress as we move towards certification and prepare for entry into service.” 

Contact information for media:  

Sam Polstein  

+1.646.477.8893  

sam.polstein@lilium.com   

Contact information for investors:  

Rama Bondada  

Vice President, Investor Relations  

investors@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, designed to offer 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 announced sales and indications of interest in Europe, the United States, China, Brazil, the UK, the United Arab Emirates, and the Kingdom of Saudi Arabia, Lilium’s 1000+ strong team includes approximately 500 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.   

Forward Looking Statements:   

This press release contain certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding: (i) Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model; (ii) the markets and industry in which the Lilium Group operates or intend to operates; (iii) the anticipated timing of the commercialization and launch of the Lilium Group’s business in phases; and (iv) the effect on the Lilium Group’s proposed business and business model from the 2024 FAA Reauthorization. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “could,” “expect,” “estimate,” “future,” “intend,” “may,” “on track,” “plan,” “project,” “should,” “strategy,” “will,” “would” 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 are subject to risk and uncertainties that are subject to change at any time. Actual events or results may differ materially from those contained in the forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this press release include those risks and uncertainties discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the section titled “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, on file with the SEC, and similarly titled sections in Lilium’s other SEC filings, 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 Lilium 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.