LILM - Lilium receives G-1 certification basis from FAA
2023-06-26 10:23:12 ET
Lilium ( NASDAQ: LILM ) +3.5% in Monday's trading after saying Monday it received the Federal Aviation Administration G-1 Certification Basis necessary for type certificate validation of its Lilium Jet by the FAA.
Lilium's ( LILM ) primary airworthiness authority, the European Union Aviation Safety Agency, issued its certification basis for the Lilium Jet in 2020.
The G-1 is a critical milestone in the FAA cross-validation process, establishing airworthiness and environmental requirements necessary to achieve FAA Type Certificate Validation.
Lilium ( LILM ), which is the only eVTOL manufacturer that has obtained both FAA and European Union certification basis, said it remains on track towards achieving Type Certification with EASA in late 2025.
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Lilium receives G-1 certification basis from FAA