FutureFlight
Korean Company Invests in Bye Aerospace and New Envoy Aircraft
Little is known about the plans for Korean startup Aerospace9, which has been recently founded by IT entrepreneur Seunghyuk Cha.
Aerospace9 and Bye
Executives from South Korean startup Aerospace9 traveled to the Denver headquarters of electric aircraft developer Bye Aerospace to sign a strategic partnership. (Photo: Bye Aerospace)

South Korea's Aerospace9 group and U.S. electric aircraft pioneer Bye Aerospace have signed a strategic partnership that includes an undisclosed investment by the Seoul-based company and a purchase agreement covering 300 aircraft, nearly doubling Bye's order book in the process. Aerospace9 has agreed to acquire 150 of Bye's two-seat eFlyer2s, plus 148 of the four-seat eFlyer4s, as well as a couple of a new larger model called the Envoy. It also holds options for a further 100 unspecified aircraft.

Bye has said very little about the Envoy, apart from that it will be powered by two electric motors and will seat up to nine people. In a statement on November 2, the Colorado-based company said that it intends to make a further announcement about the Envoy soon. 

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