Southern Airways Express

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
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 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
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.

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
Public Transport, Air, Transport, Aerospace, Manufacturing, Transportation, University, Education, Travel, EAS, Surf Air Mobility, NYSE, ORD, Cessna 208 Caravan, Southern Airways Express, Student, United Airlines, Faculty, LAF, Aircraft, Purdue University Airport, Airport, Essential Air Service, Growth, American Airlines, Airline, Purdue University, United

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.

REGENT Announces Strategic Investment from Yamato Holdings

Retrieved on: 
Tuesday, March 28, 2023
Senior, Viceroy, Executive, Peter Thiel, Greater Manchester Transport Innovation Fund, Mokulele Airlines, Founders Fund, FRS, Y Combinator, R, Southern Airways Express, Cargo, Airline

North Kingstown, R.I., March 28, 2023 (GLOBE NEWSWIRE) -- REGENT, creators of the category defining all-electric seagliders that connect coastal ports at speeds up to 180 MPH, today announced a strategic investment from Yamato Holdings, Japan’s largest parcel delivery and logistics company.

Key Points: 
  • North Kingstown, R.I., March 28, 2023 (GLOBE NEWSWIRE) -- REGENT, creators of the category defining all-electric seagliders that connect coastal ports at speeds up to 180 MPH, today announced a strategic investment from Yamato Holdings, Japan’s largest parcel delivery and logistics company.
  • The investment signifies the expansion of seaglider applications into a new vertical, further supports REGENT’s entry into the Japanese market following a recent investment by Japan Airlines Innovation Fund, and brings the company’s total investment to over $50 million.
  • ​​“We see a unique opportunity and potential in REGENT seagliders which shall dramatically transform how logistics services are to be offered,” says Takaaki Adachi, Senior Manager to Innovation at Yamato Holdings (Executive Officer to Innovation at Yamato Transport).
  • In addition to the investment, REGENT and Yamato Holdings plan to work together to bring seagliders to logistics markets in Japan and around the world.

REGENT Announces Strategic Investment from Lockheed Martin Ventures

Retrieved on: 
Wednesday, March 22, 2023
Viceroy, U.S. Department of Defense Strategy for Operating in Cyberspace, Lockheed Martin, Lockheed, Mokulele Airlines, Seaglider, FRS, Water, NYSE, Department of Defence, LMT, Southern Airways Express, Airline, Defense

North Kingstown, R.I., March 22, 2023 (GLOBE NEWSWIRE) -- REGENT, the pioneer in electric seaglider manufacturing, has received a strategic investment from Lockheed Martin Ventures, the venture arm of Lockheed Martin (NYSE:LMT), a global leader in defense and aerospace technology, to expedite the development of seagliders for defense missions.

Key Points: 
  • North Kingstown, R.I., March 22, 2023 (GLOBE NEWSWIRE) -- REGENT, the pioneer in electric seaglider manufacturing, has received a strategic investment from Lockheed Martin Ventures, the venture arm of Lockheed Martin (NYSE:LMT), a global leader in defense and aerospace technology, to expedite the development of seagliders for defense missions.
  • REGENT seagliders are a new category of maritime vehicle that combine the high speed of an airplane with the low operating cost of a boat.
  • Lockheed Martin’s expertise and resources will be invaluable as we work together to adapt seagliders for defense use cases that are critically important to national security.”
    “We believe that REGENT seagliders can bring tailored solutions to the future battlespace," said Chris Moran, vice president and general manager of Lockheed Martin Ventures.
  • With more than $7.9 billion in orders from commercial operating partners around the world, REGENT aims for its 12-passenger seaglider, Viceroy, to enter service by mid-decade.

REGENT Secures Strategic Investment from Japan Airlines Innovation Fund

Retrieved on: 
Thursday, January 26, 2023
Viceroy, Ecosystem, JAL, IRobot Seaglider, Travel, Water, Southern Airways Express, Founders Fund, Y Combinator, Transport, Human Development Innovation Fund, FRS, CVC, Airline, Mokulele Airlines, Senior, Peter Thiel, Renewable energy, Japan Airlines

North Kingstown, R.I., Jan. 26, 2023 (GLOBE NEWSWIRE) -- REGENT , the company pioneering electric seagliders for sustainable maritime transportation, today announced a strategic investment from Japan Airlines Innovation Fund, a strategic fund that is the venture arm of Japan Airlines (JAL), one of the world’s premier carriers.

Key Points: 
  • North Kingstown, R.I., Jan. 26, 2023 (GLOBE NEWSWIRE) -- REGENT , the company pioneering electric seagliders for sustainable maritime transportation, today announced a strategic investment from Japan Airlines Innovation Fund, a strategic fund that is the venture arm of Japan Airlines (JAL), one of the world’s premier carriers.
  • With this investment, REGENT has raised over $45 million to date.
  • “This strategic investment speaks to the growing adoption of seaglider technology by major airlines,” said Billy Thalheimer, co-founder and CEO of REGENT.
  • “We are very pleased to make this investment in REGENT from our CVC, JAL Innovation Fund,” says Yasushi Noda, Executive Officer, Senior Vice President – Digital Innovation at Japan Airlines.

Aloha, partner! Alaska Airlines welcomes Mokulele Airlines to Mileage Plan

Retrieved on: 
Tuesday, November 15, 2022
Mileage, Plan, Beauty, Alaska Air Group, City, Social media, Alaska Airlines, Partnership, Island, Saab, Travel, Aircraft, O'Hare International Airport, Culture, Southern Airways Express, Horizon Air, Mile, Airline, Mokulele Airlines, Southern Airways

SEATTLE, Nov. 15, 2022 /PRNewswire/ -- As Alaska Airlines celebrates 15 years of serving the Hawaiian Islands, we are deepening our commitment to the state with an enhanced partnership with Mokulele Airlines, our newest Mileage Plan partner, starting in early 2023. By joining forces, we're making it easier and more convenient for our guests to fly to additional locations throughout the islands.

Key Points: 
  • Starting early 2023, here's how our guests will benefit from our new partnership with Mokulele Airlines:
    Flights on Mokulele will be available for purchase directly on alaskaair.com .
  • Mileage Plan members who purchase tickets directly on alaskaair.com will earn miles when flying on Mokulele.
  • Enhancing our partnership with Alaska Airlines is the next step to our becoming Hawaii's most comprehensive air service provider."
  • Alaska Airlines and our regional partners serve more than 120 destinations across the United States, Belize, Canada, Costa Rica and Mexico.

Surf Air Mobility Signs $450 Million Aircraft Financing Facility With Jetstream Aviation Capital

Retrieved on: 
Tuesday, October 11, 2022
Transportation, Aerospace, Manufacturing, Travel, Air, Transport, Green Technology, Alternative Energy, Environment, Energy, Sustainability, Surf Air Mobility, Adoption, FAA, Sale, Aircraft, SEC, Growth, SAM, 340, Southern Airways Express, Cessna 208 Caravan, Atmosphere of Earth, Review, Person, LLC, Roku, General counsel, Virgin America, Carbon, Original equipment manufacturer, Business, Technology, Airport, Jet stream, THCA, Certification, Private Securities Litigation Reform Act, Acquisition, U.S. Securities and Exchange Commission, SpaceX, SPAC, Ecosystem, Securities & Exchange Commission of Pakistan, Mokulele Airlines, Airbnb, Saab, Form, Phrase, Proxy, Pilatus PC-12, Prospectus, Matt Anderson, Atmosphere, HuffPost, Travel, Failure, COVID-19, Aviation, Weather, Embraer, Documentation, Business architecture, Airline, Property management, Security (finance), Lufthansa

SAM is seeking to build a regional air mobility ecosystem that will sustainably connect the worlds communities.

Key Points: 
  • SAM is seeking to build a regional air mobility ecosystem that will sustainably connect the worlds communities.
  • Jetstream's proven record of leasing aircraft in this asset class at scale, especially for the Cessna Grand Caravan, will help strengthen Surf Air Mobilitys position in the regional mobility and turboprop category.
  • Surf Air Mobility (SAM) is a Los Angeles-based electric aviation and air travel company reinventing flying through the power of electrification.
  • Jetstream Aviation Capital, founded in 2010, is a Miami-based aircraft lessor specializing in commercially operated regional turboprop aircraft, and is the largest global owner of Saab 340 and Saab 2000 aircraft and associated spares and engines.

Surf Air Mobility Signs Definitive Agreement to Merge With Southern Airways Corporation

Retrieved on: 
Wednesday, May 18, 2022
Technology, Finance, Air, Transport, Banking, Other Technology, Professional Services, Transportation, Travel, CEO, Form, Company, U.S. Securities and Exchange Commission, City, Multimedia, MagniX, Solution, Review, Mokulele Airlines, Aviation, Aircraft, Airport, American Airlines, Airway, Surf Air Mobility, Atmosphere, SPAC, Alaska Airlines, SAM, Aerotec, Technology, Travel, Proxy, Sale, THCA, Adoption, Person, Surf Air, SEC, Southern Airways Express, Securities & Exchange Commission of Pakistan, Prospectus, Airline, Security (finance), Southern Airways, United Airlines

Southern Airways serves 39 cities across the Mid-Atlantic, Gulf South, Rocky Mountains, West Coast, New England, Hawaii, and soon the Far Pacific.

Key Points: 
  • Southern Airways serves 39 cities across the Mid-Atlantic, Gulf South, Rocky Mountains, West Coast, New England, Hawaii, and soon the Far Pacific.
  • The addition of Southern Airways will allow us to more rapidly bring green flying solutions to real flyers, said Carl Albert, Chairman of Surf Air Mobility.
  • Surf Air Mobility is a Los Angeles-based electric aviation and air travel company reinventing flying through the power of electrification.
  • Surf Air Mobility is the parent company of Surf Air Inc, and has entered into a definitive agreement to merge with Southern Airways Corporation.

Surf Air Mobility to Go Public Through $1.42 Billion Merger With Tuscan Holdings Corp. II, Accelerating the Rollout of Industry Leading Hybrid Electric Aircraft

Retrieved on: 
Wednesday, May 18, 2022
Finance, Air, Transport, Professional Services, Aerospace, Alternative Energy, Manufacturing, Energy, Other Travel, Travel, Matt Anderson, Form, U.S. Securities and Exchange Commission, Airbnb, MagniX, Review, Aircraft, Virgin America, Carbon, Growth, Director, Surf Air Mobility, Earnout, Travel, Adoption, Private Securities Litigation Reform Act, SEC, Atmosphere of Earth, City, COVID-19, Failure, Proxy, THCA, Surf Air, Transaction, HuffPost, Acquisition, Southern Airways Express, Securities & Exchange Commission of Pakistan, Prospectus, Business, Company, Multimedia, Aviation, Air travel, Airport, IHeartMedia, Weather, Business architecture, Phrase, Risk, Original equipment manufacturer, Nasdaq, Leadership, Board of directors, Roku, Trust, Cessna 208 Caravan, GEM, Industry, Atmosphere, SPAC, SAM, Aerotec, Technology, Sale, Person, CEO, Airline, Risk management, Security (finance), Lufthansa

Surf Air Mobility is positioned to bring benefits to consumers quickly while creating opportunities for the entire aviation industry.

Key Points: 
  • Surf Air Mobility is positioned to bring benefits to consumers quickly while creating opportunities for the entire aviation industry.
  • Surf Air Mobility (SAM) is a Los Angeles-based electric aviation and air travel company reinventing flying through the power of electrification.
  • Surf Air Mobility is the parent company of Surf Air Inc. For more information, visit: https://surfair.com .
  • This press release contains financial forecasts for Surf Air Mobility with respect to certain financial results for Surf Air Mobilitys fiscal years 2021 through 2024.