Korean eVTOL aircraft developer PLANA announced a deal to supply 30 AAM aircraft to South Korean commercial airline Hi-Air, forming part of an order and business development partnership.

PLANA signed a letter of intent (LOI) with Hi-Air for its hybrid-electric advanced air mobility (AAM) aircraft, CP-01, from 2030.

The six-seat CP-01 is designed to provide an efficient and environmentally friendly form of transport, with a cruising speed of 300km/h and a flight range of 500km.

According to PLANA, the CP-01 eVTOL aircraft presents an innovative solution for urban transportation challenges.

This collaboration builds on PLANA’s prior urban endeavours, such as its partnership with SkyTaxi for the delivery of 50 aircraft.

PLANA CFO Jinmo Lee said: “We are excited to partner with Hi-Air, a leading small-scale air operator in South Korea. This partnership will help us to strengthen our position in the AAM market and contribute to the development of the South Korean air mobility industry.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Along with the LoI, the companies signed an MOU with the goal of developing cooperative business models for passenger and freight transportation based on the AAM aircraft.

Hi-Air CEO Joseph Kim said the tie-up would create a new national sector: “We are confident that this partnership will help us pioneer a new era of air mobility in South Korea. We will combine PLANA’s technology and Hi-Air’s expertise to create a new air mobility market.”

According to PLANA, this partnership aims to solidify its plans for determining the industry’s future and ushering in a new age of urban air transportation.