Hyundai's $7.4B Vision For Flying Taxis Hits A Wall As Supernal Halts Work After CEO And CTO Exit

Core Insights - Hyundai's Supernal startup is facing challenges as it pauses its eVTOL aircraft program following the departures of key executives, including CEO Jaiwon Shin and CTO David McBride [1] - The company is shifting its focus from early-stage R&D to business model execution and operational growth, while continuing to invest in the advanced air mobility sector [2][3] Company Developments - Supernal's leadership transition includes Jaiwon Shin moving to an advisory role after leading the Advanced Air Mobility division since 2019 [2] - The company has conducted its first technology demonstrator test flight earlier this year, with plans for further tests and a commercial eVTOL service launch by 2028 [4][5] Strategic Direction - Hyundai emphasizes confidence in the long-term potential of sustainable air mobility solutions despite regulatory and infrastructure challenges [3] - Supernal is relocating its global headquarters from Washington, D.C. to Irvine, California, affecting about 5% of its workforce [6]