Overair, Hanwha and Jeju Province unveil South Korean AAM plans
Overair has signed a memorandum of understanding (MoU) with Hanwha Systems and South Korea’s Jeju Province to establish an AAM ecosystem in the country’s largest island.
The firms will work together on infrastructure, manufacturing, training, and MRO to build the ecosystem. The agreement also includes the establishment of a cooperative plan to develop both public, medical, and tourism AAM operations on the island, which is one South Korea’s most popular tourist destinations.
Ben Tigner, CEO at Overair, said: “Jeju Island is a beautiful resort destination, and it’s an ideal hub for advanced air mobility given its geography and its ambition to become carbon neutral by 2030. We look forward to collaborating with our partners at Hanwha Systems.”
Jeju Island is currently preparing to become carbon neutral by 2030 — producing all of its energy needs from renewable, zero-emission sources. The island is also a registered biosphere.
Oh Young-hun, governor of Jeju Island, added: “We’re excited to partner with Overair and Hanwha Systems, ushering in a new era of sustainable and innovative transportation for Jeju Island. This collaboration supports our 2030 carbon neutrality goal, enhances tourism, and provides employment for our community, paving the way for a greener and more connected future.”
Overair completed its full-scale propulsion testing in the second quarter of 2022, whilst its full-scale prototype is in final assembly ahead of flight testing beginning in 2024.