MintAir is building an advanced air mobility service in the Republic of South Korea. Credit: BusinessWire / Jaunt Air Mobility.

South Korean start-up MintAir and US-based aerospace firm Jaunt Air Mobility have reached a strategic alliance whereby the former will acquire Jaunt Journey electric vertical takeoff and landing (eVTOL) aircraft.

The duo signed a letter of intent (LOI) in this regard.

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MintAir intends to buy up to 40 Jaunt aircraft for the delivery of air mobility services in South Korean markets.

It will be the exclusive advanced air mobility (AAM) partner for Jaunt in South Korea.

The designing and manufacturing of Jaunt Air Mobility aircraft will be conducted in Montreal, Canada.

Using slowed rotor compound (SRC) technologies and collaborations with Tier 1 aerospace suppliers, Jaunt is focusing on the design and certification of an eVTOL from a ‘unique market position’.

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Jaunt CEO Martin Peryea said: “The Jaunt Journey’s aircraft design offers the safest air taxi configuration that is operationally efficient, quiet, and sustainable.”

MintAir will coordinate with Jaunt to carry out commercial passenger air transportation operations in various South Korean markets.

The start-up aims to provide AAM services with a specific type of eVTOL design and electric rotorcraft with a single main rotor like the Jaunt Journey.

The electric rotorcraft is said to deliver better safety via autorotation. Its other benefits include reduced operating costs and energy consumption.

MintAir CEO Eugene Choi said: “Our mission is to develop the safest Advanced Air Mobility service in both urban and rural environments based on sound ESG management.

“Jaunt Air Mobility is committed to those same principles throughout the aircraft’s lifecycle. And we are confident the Jaunt Journey will transport the public with the highest level of safety.”

In April, India-based L&T Technology Services (LTTS) won over $100m worth of electric air mobility contract from Jaunt.