Articles from Surf Air Mobility Inc.

Surf Air Mobility Inc. (NYSESRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced that Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased 14,500 shares and 17,237 shares, respectively, of the Company’s common stock, for an aggregate purchase price of approximately $110,000, in open market transactions.

Surf Air Mobility Inc. (NYSESRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced the appointment of David Anderman to the Company’s board of directors effective December 17, 2024. Mr. Anderman served as Chief Legal Officer of Surf Air from June 2023 to May 2024.

Surf Air Mobility Inc. (NYSESRFM) (the “Company” or “Surf Air”), a leading regional air mobility platform, announced today that it anticipates reducing potential future equity dilution by approximately 90%. As part of its new financing strategy, with increased reliance on debt versus equity financing, the Company plans to amend the registration statement associated with its share subscription facility with GEM Global Yield LLC (“GEM”). The anticipated amendment, which will require Securities Exchange Commission review, will reflect the Company’s plan to significantly reduce its use of the equity backed GEM facility by reducing the number of shares registered by approximately 35.6 million shares.

Surf Air Mobility Inc. (NYSESRFM) (“the Company”, “Surf Air”), a leading regional air mobility platform, announced today it has appointed Deanna White to the position of Chief Executive Officer & Chief Operating Officer, after having served as the Company’s Interim CEO & COO since May 2024. Ms. White also previously served as Surf Air Mobility’s Chief Financial Officer from May 2022 to December 2023.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air”), a leading regional air mobility platform, announced today it has taken delivery of four Cessna Grand Caravan EX turboprop aircraft from Textron Aviation. These four aircraft are the first deliveries of Surf Air’s previously announced fleet order with Textron Aviation. Surf Air is financing two of these aircraft through operating leases with ITC-AeroLeasing, Inc., an existing aircraft financing partner for Surf Air and a leading independent Japanese aircraft leasing and sales company serving the international general and business aviation communities.

Surf Air Mobility Inc. (NYSESRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced last week its four-phase Transformation Plan and a $50 million term loan that positions the Company to achieve profitability in its airline operations.

Surf Air Mobility Inc. (NYSESRFM) (the “Company”), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30, 2024.

Surf Air Mobility Inc. (NYSESRFM) (“the Company”), a leading regional air mobility platform, today announced the closing and funding of its new Senior Secured Term Loan from Comvest Partners, a multi-billion-dollar investment management firm. The new facility is comprised of (i) a $44.5 million term loan, which was fully funded today, and (ii) a $5.5 million delayed draw term loan to be used for interest payments over the first 18 months.

Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today announced that it will release its third quarter 2024 financial results after market close on Thursday, November 14, 2024, and will host a webcast at 5:00 pm ET the same day.

Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today announced that it received an Acceptance Letter from the NYSE’s Listings Operations Committee, dated August 20, 2024, stating that the NYSE has accepted the Company’s previously submitted plan to regain compliance with the NYSE’s listing standards. In the Acceptance Letter, the NYSE confirmed that the Company has until November 20, 2025 to regain compliance with the continued listing standards.

Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today reported financial results for the second quarter ended June 30, 2024.

Surf Air Mobility (NYSESRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has announced that it intends to form Surf Air Technologies LLC (“Surf Air Technologies”), a new venture that will develop, market, and sell AI-powered software tools to create a category-defining operating system for the advanced air mobility industry. Surf Air Technologies’ core platform, “SurfOS”, will be powered by Palantir Technologies NYSE: PLTRNYSEPLTR)

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility,” “we,” or “the Company”) announced today the terms of the Company’s previously disclosed reverse stock split (the “Reverse Split”).

Surf Air Mobility Inc. (NYSESRFM) (the “Company”), a leading regional air mobility platform, today announced that it closed the previously announced issuance and sale to GEM of a mandatory convertible security (the “Security”). The Security has a par amount of $35.2 million and is convertible into a maximum of 8,000,000 shares of the Company’s common stock.

Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today announced that it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024, and will host a webcast at 5:00 pm ET the same day.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”,“Surf Air”,“the company”), a leading regional air mobility platform, announced today the appointment of Louis Saint-Cyr, an experienced senior leader in airline operations, to the position of President of Hawai’i Operations.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”, “Surf Air”, “the company”), a leading regional air mobility platform, announced today that Jim Sullivan, an experienced airline executive and former airline captain, will become President of Air Mobility starting July 15th.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has entered into a memorandum of understanding with Asta Linhas Aéreas (“Asta”), a Brazil-based regional air operator specializing in tourist, corporate, and cargo charter service, to upgrade, initially, up to 4 of Asta’s Cessna Grand Caravan aircraft with Surf Air’s proprietary electrified powertrain technology once certified.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”,“Surf Air”), a leading regional air mobility platform, announced today its participation at Palantir Technologies (“Palantir”) AIPCon June 2024 on June 6th. Surf Air’s CTO will be leading a workshop showcasing the use of Palantir’s AI platform in novel ways for the regional air mobility market.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air”), a leading regional air mobility platform, through its subsidiary airline, Southern Airways (“Southern”), officially began Williamsport’s only scheduled commuter service on Thursday, May 23, 2024 with a flight between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD). Via Washington Dulles, passengers can connect to hundreds of worldwide destinations including Orlando, Los Angeles, London, and Tokyo through commercial airline partners.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”), a leading regional air mobility platform, today announced that on May 20, 2024 it received notice from the New York Stock Exchange (“NYSE”) that it is not in compliance with Section 802.01B of the NYSE Listed Company Manual (the "Minimum Market Capitalization Standard") because Surf Air’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its stockholders' equity was less than $50 million.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air”), a leading regional air mobility platform, officially began scheduled commuter service on Wednesday, May 15, 2024 with a flight between West Lafayette / Purdue University Airport (LAF) and Chicago O’Hare Airport (ORD).

Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today reported its first quarter 2024 results. Please visit the Surf Air Mobility investor relations website at investors.surfair.com for more information and to listen to the accompanying earnings call.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”) Co-founder Sudhin Shahani and CFO Oliver Reeves participated in Chardan’s Transport Platform Tech Series virtual conference to discuss trends in advanced air mobility and electrified air travel.

Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today announced that it will release their first quarter 2024 financial results after market close on Tuesday, May 14, 2024, and will host a webcast at 5:00 pm ET the same day.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”,“Surf Air”), a leading regional air mobility platform, today announced that on April 2, 2024 it received notice from the New York Stock Exchange (“NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of Surf Air’s Common Stock was less than $1.00 over a consecutive 30 trading-day period.

Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today reported its fourth quarter and full year results. Please visit the Surf Air Mobility investor relations website at investors.surfair.com for more information and to listen to the accompanying earnings call at 5:00 pm eastern time.

Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today announced that it will release their fourth quarter 2023 and full year 2023 financial results after market close on Thursday, March 28, 2024, and will host a webcast at 5:00 pm ET the same day.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”, “Surf Air”), a leading green regional air mobility platform, and Electra.aero Inc. (“Electra”), a next-gen aerospace company, have joined forces to introduce affordable, sustainable, and easily accessible regional air travel to a broad customer base leveraging Electra’s hybrid-electric short takeoff and landing (eSTOL) aircraft on Surf Air’s technology-driven, on-demand air mobility platform, and through Surf Air’s Aircraft-as-a-Service (ACaaS) offering to air operators.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”, “Surf Air”, “the Company”), a company that aims to transform regional flying through electrification, and Z.Boskovic Air Charters Ltd (“Z.Boskovic”, “ZBAC”), a leader in private charters, safari, freight, and corporate travel in Kenya, have entered into an agreement to upgrade Z. Boskovic’s current and future fleet of Cessna Caravans with Surf Air’s proprietary electrified powertrain technology once certified. Z.Boskovic currently operates 13 Cessna Caravan, making them Kenya’s largest charter operator of Cessna Caravan, and intends to add two additional Caravan aircraft to their fleet by the end of 2024.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”, “Surf Air”), a company that aims to transform regional flying through electrification, and the Williamsport Municipal Airport Authority of Williamsport, Pennsylvania have agreed to launch scheduled commuter air service between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD) with a target start date in May 2024. Williamsport will provide funding and services to subsidize and support the establishment of the program. The flights will be operated by Southern Airways Express (“Southern”), an airline subsidiary of Surf Air Mobility.

Surf Air Mobility Inc. (NYSESRFM), the air mobility platform transforming regional flying through electrification, has entered into agreements with Safarilink, an airline connecting domestic scheduled flights to destinations within Kenya and Tanzania, and Yellow Wings Air Services Ltd., a Kenyan air operator that serves over 500 airfields throughout the East Africa region, to upgrade their Cessna Grand Caravan aircraft with Surf Air Mobility’s proprietary electrified powertrain technology once certified. This partnership marks another milestone as Surf Air Mobility seeks to expand its global footprint while leading the energy transition to electrified, green aviation. As the exclusive partner to Textron to electrify the Caravan, Surf Air Mobility is focused on building its business in regions around the world, such as Africa, that are already significant markets for that airframe and where transportation providers are quickly adopting innovative mobility solutions.

Surf Air Mobility Inc. (NYSESRFM) (the “Company”), the air mobility platform transforming regional flying through electrification, today announced that it entered into a binding term sheet related to the potential issuance of a mandatory convertible debenture to GEM. The proceeds will be comprised of the cancellation of certain shares of the Company’s common stock previously issued or issuable to GEM.

Surf Air Mobility Inc. (NYSESRFM), the air mobility platform transforming regional flying through electrification, today announced that Oliver Reeves will join the Company as Chief Financial Officer. Mr. Reeves will lead the Company’s financial and capital markets strategies leveraging his nearly two decades of experience in the investment management, enterprise technology, and insurance industries. He will start his new role in January, 2024. Mr. Reeves recently worked at Xinuos, Inc., where he served as the Chief Strategy Officer since 2019.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”), an air mobility platform transforming regional flying through electrification, and Purdue University (“Purdue”) have agreed to begin scheduled commuter air service between West Lafayette / Purdue University Airport (LAF) and Chicago O’Hare Airport (ORD) with a target start date in early second quarter 2024. Purdue University will provide funds to support the establishment and ongoing operations of the air service. The flight operations will be run by Southern Airways Express (“Southern”), an airline subsidiary of Surf Air Mobility.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”), the air mobility platform transforming regional flying through electrification, and Azul S.A. (B3: AZUL4, NYSE: AZUL) (“Azul”), the largest airline in Brazil, have agreed to collaborate on the commercial deployment of electric Cessna Caravan within Azul’s existing fleet. By electrifying its Cessna Caravan fleet, Azul believes they can take a meaningful step toward their goal of net-zero carbon emissions by 2045. Surf Air Mobility is targeting certification of its proprietary electrified powertrain in 2026 in the U.S. In doing so, Azul and Surf Air Mobility hope to be a catalyst for change within South America and global leaders in regional air mobility (“RAM”).

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air”), the air mobility platform transforming regional flying through electrification, today reported its third quarter results and announced that it remains on track to meet its full year 2023 guidance. Please visit the Surf Air Mobility investor relations website at investors.surfair.com for more information and to listen to the accompanying earnings call.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility” or “Surf Air”), a company that aims to transform regional flying through electrification technology, today publicly filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (“the SEC”) registering up to 300 million shares of Common Stock. This represents the balance of the full amount of shares of Common Stock that the Company estimates could be issued and sold to GEM for $100 million of GEM Advances under the Share Subscription Facility, plus the amount of shares the Company estimates could be issued and sold to GEM for $50 million of additional drawdowns under the Share Subscription Facility. Registered shares are not issued and sold to GEM unless and until the Company decides to utilize the facility, which is at the Company’s discretion, and may occur from time to time or not at all.

Surf Air Mobility Inc. (NYSESRFM), a regional air mobility platform aiming to sustainably connect the world’s communities, today announced that it will release their third quarter 2023 financial results after market close on Tuesday, November 14, 2023, and will host a webcast at 5:00 pm ET the same day.

REGENT, the company pioneering all-electric seagliders for zero-emission coastal travel, announced today that it will partner with Surf Air Mobility to establish a base for seaglider operations in Miami that will provide passenger transport service for South Florida, including routes from Miami, Fort Lauderdale, Palm Beach, and the Caribbean Islands. This deal is the continuation of a longstanding relationship between REGENT and Surf Air subsidiary Southern Airways. The seagliders may be in service as soon as 2027.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility” or “SAM”), a regional air mobility platform aiming to sustainably connect the world’s communities, confirmed its exclusive relationship with Textron Aviation Inc., a Textron Inc. NYSE:TXTNYSETXT)

Surf Air Mobility Inc. (NYSESRFM), a regional air mobility platform aiming to sustainably connect the world’s communities, today announced it published an investor presentation to its IR site which can be viewed at investors.surfair.com.

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility” or “Surf Air”), a regional air mobility platform aiming to sustainably connect the world’s communities, today publicly filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (“the SEC”) registering up to 25.0 million shares to satisfy certain conditions associated with the previously disclosed share subscription facility it has entered into with Luxembourg-based Gem Global Yield LLC SCS (“GGY”).

Surf Air Mobility Inc. (NYSESRFM), a regional air mobility platform aiming to sustainably connect the world’s communities, today announced its co-founder, Sudhin Shahani, and chairman, Carl Albert, purchased 140,145 shares and 75,585 shares, respectively, of Surf Air Mobility’s common stock NYSE: SRFMNYSESRFM)

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”), a regional air mobility platform aiming to sustainably connect the world’s communities, filed its regular Quarterly Report on Form 10-Q along with Current Report on Form 8-K. Surf Air Mobility has also provided pro forma financial results for the periods ending June 30, 2023 and June 30, 2022, which are available on its investor relations website at https://investors.surfair.com.

Surf Air Mobility Inc. (the “Registrant”) (NYSESRFM), a regional air mobility platform aiming to sustainably connect the world’s communities, today announced that it has filed its previously announced post-effective amendment to shorten the Form S-1 registration period (the “Post-Effective Amendment”). This filing comes after the company announced last week that it would take this action in order to facilitate investor outreach and effectively lock up affiliate shares, as further described below.

Surf Air Mobility Inc. (NYSESRFM), a regional air mobility platform aiming to sustainably connect the world’s communities, today announced that members of its senior management will host one-on-one and small group investor meetings at the following investor conference:

Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”), a regional air mobility platform aiming to sustainably connect the world’s communities, today announced its second quarter results and outlook for full year 2023. Please visit the Surf Air Mobility investor relations website at investors.surfair.com to view the accompanying letter to its shareholders.

Surf Air Mobility Inc. (NYSESRFM), a regional air mobility platform aiming to sustainably connect the world’s communities, today announced that it intends to shorten the Form S-1 registration period for resales to September 1, 2023, in order for:

Surf Air Mobility Inc. (NYSESRFM), a regional air mobility platform aiming to sustainably connect the world’s communities, today announced that it will release financial results for the second quarter ended June 30, 2023, as well as its outlook for the full year 2023, via press release after the market closes on Wednesday, August 16, 2023.

Surf Air Mobility Inc. (“Surf Air Mobility” or “SAM”), a regional air mobility platform aiming to sustainably connect the world’s communities, announced today that the transaction between Surf Air Mobility and Southern Airways (“Southern”) closed immediately prior to the listing of Surf Air Mobility on the New York Stock Exchange under the ticker symbol “SRFM” on July 27, 2023. The combination of Surf Air Mobility and Southern will provide the basis for SAM’s anticipated expanded, nationwide regional air mobility platform. Following the close of the transaction on July 27, 2023, Surf Air Mobility has 69,742,981 basic shares outstanding and 71,603,186 fully diluted shares outstanding.

Surf Air Mobility Inc. (“Surf Air Mobility” or “SAM”), a regional air travel company aiming to sustainably connect the world’s communities, today announced that a reference price of $20.00 per share of Common Stock has been established by the New York Stock Exchange (the “NYSE”) for the expected listing of SAM’s Common Stock on the NYSE on Thursday, July 27, 2023. The number of shares of SAM’s Common Stock outstanding upon listing will depend on the actual opening trading price per share on the listing date. Assuming that the opening trading price per share on the listing date equals the reference price of $20.00, SAM would have approximately 49.8 million shares of Common Stock outstanding upon listing.1 The reference price is not an offering price. The opening trading price will be determined by buy and sell orders collected by the NYSE from broker-dealers. The reference price may differ materially from the actual opening trading price per share on the NYSE.

Surf Air Mobility Inc. (“Surf Air Mobility” or “Surf Air”), a regional air travel company aiming to sustainably connect the world’s communities, today announced that its registration statement on Forms S-1 and S-4 was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on July 25, 2023. Surf Air Mobility anticipates that its Common Stock will begin trading on the New York Stock Exchange under the ticker symbol “SRFM” on July 27, 2023.

Surf Air Mobility Inc. (“Surf Air Mobility” or “Surf Air”), a regional air travel company aiming to sustainably connect the world’s communities, today announced that it anticipates its common stock will begin trading on the New York Stock Exchange under the ticker symbol “SRFM” during the week of July 24, 2023.

Surf Air Mobility Inc. (“Surf Air Mobility” or “Surf Air”), a regional air travel company aiming to sustainably connect the world’s communities, today announced they have updated their investment commitment from Luxembourg-based Gem Global Yield LLC SCS (“GGY”) pursuant to a share subscription facility and entered into an additional 1,000,000 share purchase agreement with GGY at $25 per share to be funded upon Surf Air Mobility becoming a public company.

Surf Air Mobility Inc. (“Surf Air Mobility” or “Surf Air”), a regional air travel company aiming to sustainably connect the world’s communities, today announced that David Anderman will join the company as their Chief Legal Officer. Mr. Anderman brings extensive experience across corporate legal strategy and operations, particularly in the aerospace field. Mr. Anderman’s leadership will help Surf Air Mobility further its mission to advance the future of flight.

Surf Air Mobility Inc. (“Surf Air Mobility” or “Surf Air”), a regional air travel company aiming to sustainably connect the world’s communities, today announced it will host an Investor Day at the New York Stock Exchange in New York City on Thursday, June 22, 2023, beginning at 2:00 p.m. ET. To register for the live webinar, please visit Surf Air’s investor relations website on the day of the event.

Surf Air Mobility Inc. (“Surf Air Mobility” or “Surf Air”), a regional air travel company aiming to sustainably connect the world’s communities, today announced it has publicly filed a registration statement on Form S-1 and S-4 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed direct listing of its common stock. Surf Air Mobility intends to list its common stock on the New York Stock Exchange under the ticker symbol "SRFM."

Surf Air Mobility Inc. (“Surf Air Mobility”), which aims to sustainably connect the world’s communities, today announced that Tyrone D. Bland will join its Board of Directors.

Surf Air Mobility Inc. announced today its confidential submission of a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") for a proposed direct listing of its common stock. The registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions.

Surf Air Mobility Inc. (“SAM” or the “Company”), a regional air travel company working to accelerate the adoption of green aviation, and Jetstream Aviation Capital, LLC (“Jetstream”), the largest global aircraft lessor focused exclusively on commercially-operated turboprop regional aircraft and engines, announced today an agreement regarding the principal terms of an arrangement to finance up to $450 million through a customized operating lease and sale structure that will fund the planned growth of SAM’s fleet of turboprop aircraft. SAM will have access to this financing facility over the next six years for both new and used Cessna Caravan and Pilatus PC-12 aircraft, subject, among other things, to the entry into separate binding sale and purchase agreements for each individual aircraft and a separate binding lease agreement for each individual aircraft.

Surf Air Mobility Inc. (“SAM” or the “Company”), a company working to accelerate the adoption of green aviation, and Tuscan Holdings Corp. II (Nasdaq: THCA) (“THCA”), a publicly listed special purpose acquisition company (“SPAC”), jointly announced today that they have entered into a definitive business combination agreement resulting, subject to the satisfaction or waiver of certain closing conditions, in Surf Air Mobility becoming a publicly listed company.

Surf Air Mobility Inc., a company accelerating the adoption of electric regional air travel, today announced an exclusive relationship with Textron Aviation Inc., a Textron Inc. (NYSETXT) company, supporting Surf Air Mobility’s development of electrified Cessna Grand Caravan aircraft, beginning with a hybrid electric Cessna Grand Caravan aircraft, targeted to be available in 2024. Surf Air Mobility has agreed to purchase up to 150 Cessna Grand Caravan EX single-engine turboprops, with an initial fleet order of 100 aircraft and an option for 50 more. The aircraft will be upgraded to Surf Air Mobility’s proprietary hybrid electric powertrain technology as a 9-seat variant of the iconic single-engine turboprop.