Lilium Wins EASA Design Organization Approval
Portfolio Pulse from Benzinga Newsdesk
Lilium N.V. (NASDAQ:LILM), an eVTOL jet developer, has achieved a significant milestone by receiving Design Organization Approval from the European Union Aviation Safety Agency (EASA). This approval positions Lilium as a leading entity in the eVTOL industry in Europe, authorized to hold a type-certificate for such aircraft.
November 27, 2023 | 11:27 am
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Lilium N.V. has received Design Organization Approval from EASA, a critical step in the certification process for its eVTOL aircraft in Europe.
The receipt of Design Organization Approval from EASA is a significant regulatory milestone for Lilium N.V., indicating progress in its eVTOL development and certification process. This approval is likely to be viewed positively by investors and could lead to increased investor confidence in the company's ability to bring its eVTOL aircraft to market, potentially driving the stock price up in the short term.
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