PLANA Secures LOI with Hi-Air for the Delivery of 30 AAM Aircraft

PLANA, a developer of hybrid advanced air mobility (AAM) eVTOL aircraft, has announced the signing of a Letter of Intent (LOI) and Memorandum of Understanding (MOU) with Hi-Air, a South Korean commercial air carrier. The partnership entails the supply of 30 AAM aircraft to Hi-Air, marking a significant step in the advancement of air mobility in South Korea.

Under the LOI, PLANA will provide Hi-Air with its hybrid-electric AAM aircraft, CP-01, starting from 2030. The delivery of the first 10 aircraft is scheduled for 2031, with the remaining 20 to follow later. This collaboration builds upon PLANA’s previous LOIs with Ghenus Air in the United States and SkyTaxi in Japan, further solidifying its presence in the AAM market.

Hi-Air, as South Korea’s leading small-scale air operator, holds a license for small-scale air transport services. The company has been operating since 2019 and currently offers flights to various destinations within South Korea. With their recent achievement of reaching 500,000 cumulative passengers and the launch of a new route to Japan, Hi-Air is well-positioned to embrace the opportunities of air mobility.

Through the MOU, PLANA and Hi-Air will jointly develop business models for passenger and cargo transportation utilizing AAM aircraft. By combining their expertise in aircraft operation and development, the companies aim to create synergies and drive innovation in the South Korean air mobility industry.

Jinmo Lee, CPO of PLANA, expressed excitement about the partnership, emphasizing its potential to strengthen PLANA’s position in the AAM market and contribute to the development of the South Korean air mobility sector. Joseph Kim, CEO of Hi-Air, shared his confidence in pioneering a new era of air mobility in South Korea by leveraging PLANA’s technology and Hi-Air’s expertise.

About PLANA: PLANA is a hybrid-based AAM eVTOL developer focused on Advanced Air Mobility. With a commitment to reducing carbon dioxide emissions and improving transportation, PLANA is developing innovative aircraft with a range of 500 kilometers and the capacity to carry a pilot and up to six passengers. The company is actively engaged in testing and validation, working towards FAA certification while expanding its global presence with offices in the USA.

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