Singapore (Feb. 21, 2024) Hyundai Motor Group’s Advanced Air Mobility (AAM) company, Supernal, signed two Memorandums of Understanding (MOUs) with the Singapore Economic Development Board (EDB) and the Civil Aviation Authority of Singapore (CAAS) at Singapore Airshow 2024. The partnerships aim to enhance AAM capabilities and expertise in Singapore and the Asia-Pacific region through collaborative activities, including research and development (R&D), identifying use cases, supporting safety regulatory framework development, and driving public engagement for AAM.
“Working with EDB and CAAS exemplifies how collaboration between government and industry can help make AAM a reality,” said Jaiwon Shin, President of Hyundai Motor Group and CEO of Supernal. “Our approach is to develop mutually beneficial partnerships like these to create a tenable business and operational case for stakeholders across the value chain – from manufacturers and regulators to operators and passengers. Insights from both entities will maximize outcomes and prove the value of AAM, especially in a forward-thinking market like Singapore.”
The organizations will focus on enabling R&D activities in key electric vertical take-off and landing (eVTOL) technology areas and developing AAM operational strategies. This includes conducting market analyses and viability studies to assess AAM feasibility in Singapore and the Asia-Pacific region, as well as evaluating requirements for establishing a presence in Singapore and conducting feasibility studies for operational-readiness activities such as assembly, vehicle operations, and maintenance.
“Advanced Air Mobility has the potential to be a new and exciting niche in Singapore’s aerospace sector, creating good business opportunities while also opening new alternatives for getting around the region,” said Jacqueline Poh, Managing Director, Singapore Economic Development Board. “As one of Asia’s leading aerospace ecosystems, Singapore offers global companies established capabilities, including a strong talent pool, to undertake a spectrum of activities across Research and Development, manufacturing, and Maintenance, Repair, and Overhaul (MRO).”
“We are delighted to partner with Supernal and welcome more players to join us as we grow the AAM ecosystem here,” she added.
CAAS and Supernal will collaborate on aircraft certification, validation, and shaping interoperability requirements at vertiports. They will explore developing standards for AAM infrastructure and operations, coordinate efforts with other stakeholders, and raise public understanding of AAM.
“The development and deployment of AAM will require new rules and regulations that allow us to leverage technology while ensuring security and public and aviation safety,” said Han Kok Juan, Director-General of CAAS. “Collaboration amongst regulators and with industry to pool expertise and resources and to identify and mitigate risks will help us put in place the necessary regulatory requirements in a more effective and efficient manner. In November last year, CAAS convened the first-ever meeting of Asia-Pacific regulators and engagement with industry for this purpose. The CAAS-Supernal MOU builds on this and is a pathfinder for the larger effort.”
“With the Asia-Pacific region’s growing prominence in the aviation industry, we see the area as vital to Advanced Air Mobility’s future,” said Jaiwon Shin. “These partnerships mark the latest in Supernal’s growing list of collaborations that are designed to advance its mission of making AAM an efficient and reliable option for everyday transportation.
“Such partnerships will not only allow us to contribute to AAM’s development and growth while deepening ties with key stakeholders, but they are also essential for using AAM as a catalyst to fuel sustainable economic growth in one of the world’s fastest-growing markets,” he concluded.
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