CALIFORNIA, May 29, 2026 – PLANA, a hybrid eVTOL developer, today announced that it has completed its U.S. flip, restructuring the company under its Delaware-incorporated parent.

PLANA established a Delaware C-Corporation in 2023. With the completion of the flip, its Korean entity now operates as a subsidiary of the U.S. parent company. PLANA is now a U.S. company with the legal and business foundation to operate as one, and its office will be located in California.

PLANA made the decision to flip to the United States for three main reasons.

First, closer engagement with the Federal Aviation Administration (FAA). PLANA is pursuing FAA Type Certification for its hybrid eVTOL aircraft and aims to begin its first formal engagement with the FAA in 2026. As a U.S. company, PLANA can build direct and continuous communication with the certifying authority, strengthening both the schedule and the quality of its certification program.

Second, commercialization in the United States. The U.S. is the world’s largest aviation market and is expected to be the first market where Advanced Air Mobility (AAM) is commercialized. As a U.S. company, PLANA will work more closely with local operators, partners, and customers to accelerate the commercialization of hybrid aircraft in the “Missing Middle” segment between helicopters and small fixed-wing aircraft.

Third, broader access to capital markets and the industry ecosystem. A U.S. corporate structure is the format global venture capital firms and strategic investors are most familiar with, and the flip significantly expands PLANA’s options for future fundraising and growth capital. The U.S. is also home to the largest concentration of aerospace and defense companies and institutions. PLANA plans to broaden collaboration opportunities across power systems, airframes, and operations through business partnerships with these organizations. Collaboration that begins before commercialization is expected to provide extensive data from real operating environments and to build valuable technical and certification know-how.

Building on the flip, PLANA will move forward with the FAA certification process, business development in the U.S., and its next round of fundraising.

“The U.S. flip was an essential decision for PLANA to advance to the next stage of certification and commercialization,” said Braden Kim, CEO of PLANA. “As a U.S. company, we will work more closely with the FAA and meet customers, investors, and industry partners in the world’s largest market to open a new market for hybrid aircraft.”