Surf Air Mobility

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

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Thursday, March 28, 2024
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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: 
Friday, March 22, 2024
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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: 
Thursday, February 15, 2024
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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: 
Wednesday, January 17, 2024
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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.

New to The Street Announces its Televised Five Corporate Interviews, Episodes 547 and 548, Show Airs as Sponsored Programming on Bloomberg TV and the FOX Business Network; Broadcastings Begin on Saturday, January 13, 2024, at 6:30 PM ET

Retrieved on: 
Friday, January 12, 2024
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New to The Street show airs on Bloomberg TV as a sponsored programming Saturday, January 13, 2024, at 6:30 PM ET; features the following five (5) corporate interviews:

Key Points: 
  • New to The Street show airs on Bloomberg TV as a sponsored programming Saturday, January 13, 2024, at 6:30 PM ET; features the following five (5) corporate interviews:
    1).
  • New to The Street show airs on the FOX Business Network on Monday, January 15, 2024, at 10:30 PM PT; features the following five (5) corporate interviews:
    1).
  • Air Travel Electrification – Surf Air Mobility, Inc.'s (NYSE: SRFM) ($SRFM) interviews with Stan Little, Chief Executive Officer, and Sudhin Shahani, Founder .
  • The interview will air on Bloomberg TV as sponsored programming on Saturday, January 13, 2024, at 6:30 PM ET.

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: 
Monday, January 8, 2024
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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.

New to The Street TV Announces the Interviews of Four Corporate Guest, Episode 541, Airing on Bloomberg TV as Sponsored Programming, Tonight, Thursday, January 4, 2024, 9:30 PM PT

Retrieved on: 
Thursday, January 4, 2024
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New to The Street's 541st TV episode line-up features the following Five (5) Corporate interviews:

Key Points: 
  • New to The Street's 541st TV episode line-up features the following Five (5) Corporate interviews:
    1).
  • John informs viewers that the Company was at New York's Javits Convention Center for the 2023 United States Vet Show .
  • From the Nasdaq MarketSite Studio , New to Street features its newest TV business segment, "Money Makers," with TV Co-Hosts Colin Jordon and Jane King.
  • Viewers, please tune in next time for the newest cybersecurity topic on the "Sekur Privacy & Sekur Security– Weekly Hack" segment.

Surf Air Mobility Enters Agreements to Supply Electric Powertrains to Major Kenyan Cessna Caravan Operators Safarilink and Yellow Wings

Retrieved on: 
Thursday, January 4, 2024
Engineering, Air, Environment, Aerospace, Transport, Manufacturing, Green Technology, Atmosphere, Ecosystem, Travel, Partnership, Economics, Cessna 208 Caravan, Movement, Surf Air Mobility, Atmosphere of Earth, Surf Air, Aircraft, Air travel, Business development, Noise, Carbon, Aviation, Climate

This partnership marks another milestone as Surf Air Mobility seeks to expand its global footprint while leading the energy transition to electrified, green aviation.

Key Points: 
  • This partnership marks another milestone as Surf Air Mobility seeks to expand its global footprint while leading the energy transition to electrified, green aviation.
  • Surf Air is developing the Supplemental Type Certification for both hybrid and fully-electric variants of the Cessna Grand Caravan.
  • “The Caravan is an amazing aircraft on which to develop our electrified powertrain, and we believe Safarilink and Yellow Wings’ operations are perfectly suited to demonstrate the benefits of our technology,” said Stan Little, CEO of Surf Air Mobility.
  • “Upgrading Safarilink’s and Yellow Wings' Caravan fleet with our electrified powertrains unlocks new possibilities.

Surf Air Mobility Announces Oliver Reeves as Chief Financial Officer

Retrieved on: 
Wednesday, December 27, 2023
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Surf Air Mobility Inc. (NYSE: SRFM), the air mobility platform transforming regional flying through electrification, today announced that Oliver Reeves will join the Company as Chief Financial Officer.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM), the air mobility platform transforming regional flying through electrification, today announced that Oliver Reeves will join the Company as Chief Financial Officer.
  • Mr. Reeves recently worked at Xinuos, Inc., where he served as the Chief Strategy Officer since 2019.
  • “We are very pleased to have Oliver join us on our journey to electrify regional air mobility,” said Stan Little, CEO of Surf Air Mobility.
  • Ms. White, who joined Surf Air Mobility in 2021 to help take the company through its public listing, will become a Senior Advisor to both Surf Air Mobility and the Surf Air Board of Directors.

Surf Air Mobility and Purdue University Enter Agreement for Privately Subsidized Commuter Air Service Between West Lafayette / Purdue University Airport (LAF) and Chicago O’Hare Airport (ORD)

Retrieved on: 
Friday, December 8, 2023
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Surf Air Mobility Inc. (NYSE: SRFM) (“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.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“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 has existing federal contracts through the Essential Air Service (“EAS”) program, operating subsidized routes connecting communities that otherwise lack access to minimal air service.