Overair, developer of the Butterfly all-electric VTOL aircraft, has signed a memorandum of understanding with Hanwha Systems and South Korea's Jeju Special Self Governing Province to establish and lead an advanced air mobility (AAM) ecosystem in Jeju, the largest island in South Korea and one of the country's main tourist destinations.

The parties will collaborate closely on all aspects of the AAM ecosystem, including infrastructure, manufacturing, training and MRO. The agreement also includes the establishment of a cooperative plan to develop both public, medical and tourism AAM operations on the Island.

“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,” says CEO Ben Tigner. “We look forward to collaborating with our partners at Hanwha Systems.”

Jeju Island is an important tourism, green energy and ecological province for South Korea. The island is currently preparing to become carbon neutral by 2030, producing all of its energy needs from renewable, zero-emission sources. It is also a registered biosphere, with unique geography and ecology that draws tourists from across the world.

“We're excited to partner with Overair and Hanwha Systems, ushering in a new era of sustainable and innovative transportation for Jeju Island,” says governor Oh Young-hun. “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.”