Overair, an emerging global leader in advanced air mobility (AAM) and developer of all-electric vertical takeoff and landing (eVTOL) aircraft, announced it has signed a Memorandum of Understanding (MoU) 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 maintenance, repair, and operations (MRO). This 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,” said Ben Tigner, CEO at Overair. “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. Jeju Island 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,” said Oh Young-hun, Governor, 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.”