Overair CEO Ben Tigner (left) poses with officials from the Korean National Police’s Human Resources Development Institute. [Courtesy: Overair]
Key Takeaways:
eVTOL manufacturer Overair significantly expanded its South Korean presence by signing three key agreements during Seoul ADEX2023.
These agreements include a letter of intent for 20 Butterfly eVTOLs with HeliKorea for various transport services, and MoUs with Daewoo E&C to develop advanced air mobility (AAM) networks and with the Korean National Police for aircraft provision and training.
Overair's Butterfly eVTOL, supported by strategic collaborator Hanwha Systems, is highlighted for its versatile capabilities, including quiet operation, all-weather flight, and adaptability for passenger, cargo, and specialized missions.
These partnerships align with Overair's broader global strategy, which also involves pursuing FAA certification, a planned U.S. launch with Bristow Group, and AAM infrastructure development for the 2028 Los Angeles Olympics.
The South Korean market is in the crosshairs of plenty of electric vertical takeoff and landing (eVTOL) aircraft manufacturers not based in the country: Joby Aviation, Vertical Aerospace, Jaunt Air Mobility, Hyundai’s Supernal, Embraer’s Eve Air Mobility…the list goes on and on.
And it just got longer.
CREATE A FREE ACCOUNT
Sign up to keep reading
Create a free account to continue. Already a member? Sign in below.
Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.
