September 22, 2025 – PLANA, a developer of hybrid eVTOL aircraft, today announced that it has signed a Letter of Intent (LOI) to supply 20 hybrid eVTOL aircraft to VONAER, a Korea-based air mobility platform.

Under the LOI, PLANA will deliver five certified aircraft to VONAER by 2033, followed by an additional 15 by 2040. With this agreement, PLANA has secured pre-orders for a total of 127 aircraft, representing approximately $664 million in supply agreements.

VONAER, operated by MOVIATION, is Korea’s first urban air mobility (UAM) platform. It launched Korea’s first helicopter-based UAM service in February 2023 and has since expanded into premium air mobility with VONAER JET, a 12-seat private jet service. Building toward Asia’s first fully integrated aviation mobility platform spanning helicopters, private jets, and eVTOL aircraft, VONAER is preparing to expand into Europe and the United States.

Since signing a Memorandum of Understanding (MOU) in May 2023, PLANA and VONAER have jointly analyzed market data and worked to shape a new eVTOL-based air travel experience. The LOI turns that collaboration into a concrete plan for aircraft introduction.

Founded in South Korea, PLANA has completed the establishment of its Delaware corporation and plans to finalize the relocation of its headquarters to the United States within the year, as it pursues Federal Aviation Administration (FAA) certification, capital raising, and market entry.

“Together with VONAER, one of the most influential air mobility platforms in Asia, we will create a market far larger than the one helicopters serve today,” said Braden Kim, CEO of PLANA. “Since our MOU in May 2023, our two companies have analyzed market data together and shaped a new vertical takeoff and landing travel experience.”

“We have been working with PLANA on how to deliver a new air travel experience with eVTOL aircraft,” said Min Shin, CEO of MOVIATION (VONAER). “The LOI with PLANA marks a key milestone toward realizing this vision and shows how partnerships between manufacturers and operators drive market growth.”