2022-07-17 | NYSE:VTOL | Press release

Leading helicopter transportation provider plans to purchase 50 all-electric Lilium jets and provide Part 145 maintenance services in Florida and other U.S. and European markets

FARNBOROUGH, UK, July 17 2022 (GLOBE NEWSWIRE) — Bristow Group Inc. (NYSE: VTOL) (“Bristow”), the global leader in innovative and sustainable vertical flight solutions, and Lilium NV (NASDAQ: LILM) (“Lilium”), developer of the the world’s first electric vertical take-off and landing (“eVTOL”) jet, today announced a strategic partnership where Bristow will have the option to purchase 50 Lilium jets in addition to providing maintenance services for the Lilium Launch Network from Jet’ in Florida and other future US and European markets.

The non-binding Memorandum of Understanding (“MOU”) outlines the collaboration between Bristow and Lilium on the development of a maintenance program to support the operation of the Lilium Jet, including the maintenance ramp-up in support of the entrance to the Lilium Jet’ service (“EIS”) and the post EIS services. The MOU also allows Bristow to become an authorized service provider for Lilium. The memorandum of understanding further outlines how Lilium and Bristow can collaborate on the process of obtaining relevant regulatory approvals to operate the Lilium Jet in Florida and provides for Bristow to purchase 50 Lilium Jets.

Lilium is one of the first eVTOL companies to combine certified air carriers with infrastructure developers and support services, such as maintenance, 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, “Bristow’s partnership builds on our existing partnerships with other leading organizations. Like our other partners, Bristow is considered the best in its field. They are a leading maintenance provider with an incredible operational experience. Lilium is committed to working with the best partners in aviation to enable successful commercial entry for the Lilium Jet.”

Bristow is the global leader in innovative and sustainable vertical aviation solutions for some of the world’s leading offshore energy companies. Bristow is actively transforming its business to embrace innovative and sustainable technology, including eVTOL aircraft.

“Building on our heritage of over 70 years 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 CEO of Bristow. “Bristow has played a key role in the successful introduction of several new VTOL platforms over the past 50 years, so it is a natural evolution for us to play a leading role in the new and exciting market for advanced air mobility and to lend our expertise to innovative solutions and dynamic companies like Lilium. We are excited about the future of vertical lift and the important role that 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 in this regard, as well as the satisfaction of certain conditions.

About the Bristow Group:

Bristow Group Inc. is the world’s leading provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of large 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 (UK) on behalf of the Maritime & Coastguard Agency (MCA). In addition, the Company provides one-time helicopter and fixed-wing transportation services.

Bristow currently has clients in Australia, Brazil, Canada, Chile, Dutch Caribbean, Guyana, India, Mexico, Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad , UK and USA. To learn more, visit our website at www.bristowgroup.com.

About Lilium:

Lilium (NASDAQ: LILM) creates a sustainable and accessible high-speed regional mode of transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, offering peak 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 team of more than 800 people includes approximately 450 engineers in aerospace 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 United States. To learn more, visit www.lilium.com.

Media contact details:

Bristow Group Inc.

Adam Morgan

+1 832.783.7927


Lilium S.A.

Meredith Bell, Lilium

+41 79 432 57 79


Disclosure of Bristow Forward-Looking Statements

This press release contains “forward-looking statements”. Forward-looking statements represent the current expectations or forecasts of Bristow Group Inc. (“Bristow&CloseCurlyDoubleQuote”) regarding future events. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intent,” “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 the current views of management regarding future events, and are therefore subject to significant risks and uncertainties, known and unknown. Without limiting the generality of the foregoing, these forward-looking statements include statements regarding the capabilities, development, certification, marketing and future operations of the Lilium Jet, the purchase of aircraft by Bristow & CloseCurlyQuote; of Lilium, and the anticipated benefits of the collaboration between Bristow and Lilium. Bristow’s actual results may differ materially from those anticipated in the forward-looking statements. Bristow cautions investors not to place undue reliance on 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 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 and which occur after the date hereof. You should not place undue reliance on our forward-looking statements, as 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 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 titled “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 may cause our actual results, performance or achievements 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 available on the SEC’s website. at the address www.sec.gov.

Lilium Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding the business and business model offered by Lilium NV, the markets and the industry in which Lilium NV and its subsidiaries (collectively, the “Lilium Group”) operate or intend to operate, Lilium’s proposed strategic partnership with Bristow, the anticipated timing of commercialization and launch of the Lilium Group’s multi-phase business and the expected results of the Lilium Group’s business model, including when launched in phases. These forward-looking statements are generally identified by the words “believe,” “plan,” “expect,” “anticipate,” “estimate,” “intention,” “strategy,” “future,” “opportunity,” “plan,” “ may,” “should,” “will,” “would,” “will,” “will continue,” “probably result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on management’s current expectations regarding future events and are based on assumptions and subject to risks and uncertainties and subject to change at any time. Actual events or results may differ materially from those contained in projections or forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements contained in this communication include those discussed in filings by Lilium & CloseCurlyQuote; all of which are available at www.sec.gov. For more information, see the section titled “Caution Regarding Forward-Looking Statements” in Lilium’s Annual Report on Form 20-F and other documents. Forward-looking statements speak only as of the date they are made. You are cautioned not to place undue reliance on forward-looking statements, and Lilium Group assumes no obligation and does not intend to update or revise such forward-looking statements, whether as a result of new information , future events or otherwise. .

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