Surf Air

Surf Air Mobility and Williamsport, Pennsylvania, Officially Begin Subsidized Commuter Air Service Between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD)

Retrieved on: 
Mardi, mai 28, 2024
Vacation, Air, Transportation, Transport, Travel, Partnership, Surf Air Mobility, Aviation, Airport, Williamsport Regional Airport, United Airlines, Sale, Interim, IAD, Surf Air, Southern Airways Express, IPT, University, Airline

Surf Air Mobility Inc. (NYSE: SRFM) (“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).

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“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.
  • To mark the launch of the area’s only commercial flights, Southern Airways announces a fare sale, with fares starting at $99* one-way.
  • The goal of this program is to provide Williamsport and surrounding Lycoming County with easier, faster, and more affordable connections through the convenient Williamsport Regional Airport.

Surf Air Mobility Receives Continued Listing Standard Notice from NYSE

Retrieved on: 
Vendredi, mai 24, 2024
Air, Technology, Environment, Transport, Software, Other Transport, Common stock, Surf Air Mobility, Surf Air

Surf Air Mobility Inc. (NYSE: SRFM) (“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.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“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.
  • In accordance with NYSE procedures, Surf Air Mobility plans to submit a business plan advising the NYSE of the definitive action(s) Surf Air Mobility has taken, is taking, or plans to take to regain compliance with the listing standard, taking into consideration the additional stock price deficiency, within 45 days from receipt of the notice.
  • If the NYSE approves Surf Air Mobility's business plan, Surf Air Mobility’s shares will continue to be listed and traded on the NYSE during the 18-month cure period, subject to its compliance with other NYSE continued listing standards.
  • The NYSE notice has no immediate impact on the listing of Surf Air Mobility’s Common Stock, and the Common Stock will continue to be listed and trade on the NYSE, subject to Surf Air Mobility’s compliance with other NYSE continued listing standards.

Surf Air Mobility Reports First Quarter Revenue Growth Above Guidance and Announces CEO Transition

Retrieved on: 
Mardi, mai 14, 2024
Air, Aerospace, Transport, Manufacturing, Alternative Energy, Energy, Other Transport, Aircraft, B2B, Textron Aviation, Surf Air Mobility, EAS, Stan Little, CFO, Investment, University, Auric Air, Caravan, Congress, Purdue University, Atmosphere, AIP, Surf Air, Essential Air Service, Wisk Aero, Acquisition, Software, B2C, Adjustment, Hand, Airline

Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported its first quarter 2024 results.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported its first quarter 2024 results.
  • Surf Air Mobility Inc. today announced that Southern Airways founder and current Surf Air CEO Stan Little will transition to a “Founder’s” role.
  • “Once again, Surf Air Mobility achieved many of our goals in the first quarter, while also meeting or beating guidance.
  • Surf Air Mobility will provide full-year 2024 guidance at its Investor Day to be held in the third quarter of 2024.

Surf Air Mobility Participates in Chardan’s Virtual Transport Platform Tech Series

Retrieved on: 
Mercredi, mai 1, 2024
Alternative Energy, EV, Electric Vehicles, Energy, Automotive, Logistics, Supply Chain Management, Aerospace, Transport, Manufacturing, Surf Air, Digital transformation, Air travel

Surf Air Mobility Inc. (NYSE: SRFM) (“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.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“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 was also included in Chardan’s Freight, Logistics & Transportation: The Digital Transformation report.
  • A link to the report can be found here .

Surf Air Mobility Receives Continued Listing Standard Notice from NYSE

Retrieved on: 
Vendredi, avril 5, 2024
Transport, Other Transport, Surf Air, Common stock, Calendar, Surf

Surf Air Mobility Inc. (NYSE: SRFM) (“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.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“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.
  • The NYSE notice has no immediate impact on the listing of Surf Air’s Common Stock, and the Common Stock will continue to be listed and trade on the NYSE, subject to Surf Air’s compliance with other NYSE continued listing standards.
  • Surf Air plans to notify the NYSE within 10 business days that it intends to regain compliance with Rule 802.01C and cure the stock price deficiency.
  • The notice is not anticipated to impact the ongoing business operations of Surf Air and its subsidiaries or its reporting requirements with the U.S. Securities and Exchange Commission.

Surf Air Mobility Reports Financial Results for Fourth Quarter and Full Year Ended December 31, 2023

Retrieved on: 
Jeudi, mars 28, 2024
Air, Transport, Aerospace, Manufacturing, Aircraft, Microsoft, MOU, ROI, Southern Airways, Surf Air Mobility, Growth, Garmin, Partnership, Insurance, Cessna 208 Caravan, Auric Air, GAAP, Surf Air, Purdue University, Airline

Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported its fourth quarter and full year results.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM), 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.
  • Pro forma revenue of $27.4 million for fourth quarter 2023, compared to $27.7 million for the same period of the prior year.
  • Surf Air Mobility will provide full-year 2024 guidance at its Investor Day to be held on June 7, 2024, at the New York Stock Exchange.

Surf Air Mobility Enters Agreement to Supply Electric Powertrains to Tanzanian Cessna Caravan Operator Auric Air

Retrieved on: 
Vendredi, mars 22, 2024
Environment, Air, Transport, Aerospace, Sustainability, Manufacturing, Green Technology, Transportation, Tourist Attractions, Travel, Surf Air Mobility, Caravan, Cessna 208 Caravan, Carbon, Auric Air, Surf Air, Aircraft, Atmosphere of Earth, Airline

Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has entered into a memorandum of understanding with Auric Air Services Ltd. (“Auric Air”), a Tanzania-based regional air operator flying both scheduled and charter service across East Africa, to upgrade up to 12 of Auric Air’s Cessna Grand Caravan aircraft with Surf Air’s proprietary electrified powertrain technology once certified.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has entered into a memorandum of understanding with Auric Air Services Ltd. (“Auric Air”), a Tanzania-based regional air operator flying both scheduled and charter service across East Africa, to upgrade up to 12 of Auric Air’s Cessna Grand Caravan aircraft with Surf Air’s proprietary electrified powertrain technology once certified.
  • Surf Air now has approximately 13% of the Cessna Caravan market in Africa under agreement to upgrade to its electrified powertrains, once certified.
  • Surf Air is developing Supplemental Type Certifications for both hybrid and fully-electric variants of the Cessna Grand Caravan.
  • “It’s exciting to have Auric Air share our mission of reducing emissions through electrified aircraft,” said Stan Little, CEO of Surf Air Mobility.

Surf Air Mobility and Electra Enter Bilateral Agreement to Bring eSTOL Aircraft to Market, Incorporate Surf Air Technology into Joint Systems, and Create Leasing Partnership

Retrieved on: 
Jeudi, février 15, 2024
Transportation, Environment, Travel, Green Technology, Air, Aerospace, Transport, Manufacturing, Aircraft, Surf, Atmosphere, Aviation, Textron Aviation, Advanced Air Mobility, Growth, Airport, Surf Air, Southern Airways Express, Business development, Caravan, Atmosphere of Earth, AAM, Mokulele Airlines, Surf Air Mobility, Cessna 208 Caravan, Airline

Surf Air Mobility Inc. (NYSE: SRFM) (“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.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“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.
  • The agreement between Surf Air and Electra highlights several key points of collaboration:
    Surf Air, its data services partner(s), and Electra will collaborate on the development of predictive analytics systems to reduce overall operating costs and streamline operations.
  • “Electra stands out as one of the early market leaders in regional air mobility, and we’re excited to bring them onto our platform.
  • “Through our air mobility platform and our Aircraft-as-a-Service program, we believe we can accelerate Electra’s eSTOL aircraft time to market.”

Surf Air Mobility Enters Agreement to Supply Electric Powertrains to Kenya’s Largest Cessna Caravan Charter Operator Z.Boskovic Air Charters

Retrieved on: 
Mercredi, janvier 17, 2024
Air, Environment, Transport, Aerospace, Manufacturing, Green Technology, Noise, Cessna 208 Caravan, Partnership, Atmosphere of Earth, Surf Air Mobility, Surf Air, Surf, Carbon, Travel, Caravan, Atmosphere, Rail transport

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.

Key Points: 
  • 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’s fully electric and hybrid electric powertrains are targeted to reduce direct emissions by 100% and up to 50%, respectively.
  • As a top safari air operator in Kenya, Z.Boskovic’s commitment to environmental protection is at the core of their business.
  • As such, Surf Air believes its fully electric and hybrid electric aircraft variants will meet Z.Boskovic’s operational needs.

Surf Air Mobility and Williamsport, Pennsylvania Enter Agreement for Subsidized Commuter Air Service Between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD)

Retrieved on: 
Lundi, janvier 8, 2024
Air, Environment, Transport, Aerospace, Manufacturing, Green Technology, Dulles International Airport, Travel, IPT, Airport, Cessna 208 Caravan, Surf Air Mobility, Atmosphere of Earth, Mokulele Airlines, Surf Air, American Airlines, Southern Airways Express, United Airlines, Essential Air Service, Purdue University, Air travel, Alaska Airlines, Aircraft, IAD, Williamsport Regional Airport, EAS, Airline

Surf Air Mobility Inc. (NYSE: SRFM) (“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.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“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.
  • The flights will be operated by Southern Airways Express (“Southern”), an airline subsidiary of Surf Air Mobility.
  • These agreements resemble Surf Air Mobility’s numerous Essential Air Service contracts which provide federal subsidies to connect communities which would otherwise lack access to minimal air service.
  • Surf Air Mobility, with its Southern Airways and Mokulele Airlines subsidiaries, is the largest commuter airline in the U.S. by scheduled departures.