SkyDrive and Lessor Solyu Sign MOU for 50 eVTOL Aircraft

Japanese-based eVTOL maker, SkyDrive, has announced an MOU with Solyu, an aircraft leasing company in Korea, for 50 eVTOL aircraft. Solyu is a lessor based in Korea run by team with decades of experience in the aircraft leasing and finance industry with a focus on providing customers with zero emissions vehicles such as eVTOL, eCTOL, and eSTOL.

SkyDrive is currently developing a three-seat electric, vertical takeoff and landing aircraft called “SKYDRIVE.” Its eVTOL is in the process of acquiring its Japan Civil Aviation Bureau (JCAB) certification.

In Korea, the metropolitan area faces a problem of severe traffic congestion, and the Korean government formed the Korea Urban Air Mobility (K-UAM) Roadmap, expecting that the time and social costs can be reduced by 70%. The government also promotes the plan for public-private joint demonstration project, the K-UAM Grand Challenge. Solyu believes it is important to promote the use of electric, zero-emission vehicles in Korea to accelerate the K-UAM goal and agreed on the pre-order of SkyDrive eVTOL.

SkyDrive and Solyu continue to evaluate commercial eVTOL considerations such as vertiports, routes, infrastructure requirements, and ecosystems with the Korean government and other interested stakeholders to launch new mobility solutions in Korea.

Solyu Company President, Andrew Claerbout, commented on the memorandum of understanding, “The eVTOL market will bring opportunities for reducing global emissions and increasing traveler convenience. We’re honored to work with SkyDrive and the award-winning SD-05 to develop this global market.”

Why it’s important: Korea is one of the most dense urban markets in the world and is a prime market for the eVTOL industry. With a fleet of 50 SkyDrive eVTOL aircraft, Solyu has an opportunity to leverage electrified aviation and offer low-cost, emission free travel in the area.