Welcome to our dedicated page for Surf Air Mobility news (Ticker: SRFM), a resource for investors and traders seeking the latest updates and insights on Surf Air Mobility stock.
Surf Air Mobility Inc (SRFM) is a leader in sustainable regional air travel, pioneering electric aviation solutions to connect communities efficiently. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find curated news covering key areas including quarterly earnings reports, technology advancements in electric propulsion, partnership announcements, and regulatory milestones. All content is sourced directly from company communications to ensure accuracy and timeliness.
Regular updates provide insights into SRFM's progress in decarbonizing regional air travel while expanding service networks. Users can track the company's unique position at the intersection of aviation innovation and sustainable transportation.
Bookmark this page for streamlined access to Surf Air Mobility's latest developments. Check back frequently for real-time updates on initiatives shaping the future of eco-conscious air mobility.
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Surf Air Mobility (NYSE: SRFM) partners with Z.Boskovic Air Charters Ltd to electrify their fleet of 13 Cessna Caravans in Kenya, aiming to reduce direct emissions by up to 100%. This partnership follows similar agreements with other Kenyan air operators and aligns with Z.Boskovic's commitment to environmental protection. The electrified powertrains are expected to improve operational needs and contribute to Kenya's sustainability efforts.
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Surf Air Mobility Inc. (NYSE: SRFM) and Williamsport Municipal Airport Authority have agreed to launch scheduled commuter air service between Williamsport Regional Airport and Washington Dulles International Airport in May 2024. The program aims to provide easier, faster, and more affordable connections through the local airport, with funding and services provided by Williamsport. The flights will be operated by Southern Airways Express, an airline subsidiary of Surf Air Mobility. The agreement resembles Surf Air Mobility’s Essential Air Service contracts, aiming to connect communities that lack access to minimal air service.
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Surf Air Mobility Inc. (NYSE: SRFM) partners with Safarilink and Yellow Wings Air Services Ltd. to electrify Cessna Grand Caravan aircraft, aiming to reduce direct operating costs by up to 50% and carbon emissions by 100%. The partnership aligns with the Kenyan government's goal of moving away from fossil fuels and toward renewable energy sources by 2030, positioning Safarilink and Yellow Wings as pioneers in sustainability and wildlife conservation efforts.
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Surf Air Mobility Inc. (NYSE: SRFM) announced a binding term sheet with GEM for the potential issuance of a mandatory convertible debenture. The agreement includes the cancellation of certain shares of the Company’s common stock previously issued to GEM, volume restrictions on sales of shares related to the debenture, and an increase in the Company’s capacity under a $400 million Share Subscription Facility with GEM.
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Surf Air Mobility Inc. (NYSE: SRFM) announces the appointment of Oliver Reeves as the new Chief Financial Officer, succeeding Deanna White. Bryce Van has been promoted to Chief Accounting Officer. Deanna White will transition to a Senior Advisor role. The company aims to leverage Mr. Reeves' expertise in investment management, enterprise technology, and insurance industries to drive financial and capital market strategies.
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Surf Air Mobility Inc. (NYSE: SRFM) and Purdue University have agreed to begin commuter air service between West Lafayette / Purdue University Airport and Chicago O’Hare Airport in early second quarter 2024. The flights will be operated by Southern Airways Express, a subsidiary of Surf Air Mobility, using Cessna Grand Caravan turboprop aircraft. The service aims to provide easier, faster connections for Purdue University's students, faculty, staff, and the local community to O’Hare Airport, with up to four daily flights planned.
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Surf Air Mobility Inc. (SRFM) and Azul S.A. (AZUL) 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. The agreement will help make it possible to upgrade Azul’s existing aircraft with fully electric powertrains once Surf Air Mobility’s proprietary technology is developed and certified. Surf Air Mobility’s first generation fully electric powertrain technology is targeted to reduce direct operating costs by as much as 50% and eliminate 100% of direct carbon emissions. These performance improvements can have profound impacts on how Azul operates its Cessna Caravan network.
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Surf Air Mobility Inc. (NYSE: SRFM) reported third-quarter 2023 GAAP revenue of $21.9 million and Pro Forma Revenue of $28.9 million, up 6.2% year-over-year. The company is on track to meet its full-year 2023 guidance, with significant business highlights including a public listing on the NYSE, orders for 100 Cessna Grand Caravan EX aircraft, and a partnership with REGENT for all-electric Seaglider airships.
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Surf Air Mobility Inc. (NYSE: SRFM) has filed a Form S-1 registration statement with the SEC, registering up to 300 million shares of Common Stock, representing the balance of shares that could be issued and sold to GEM for $100 million of GEM Advances under the Share Subscription Facility. The company also has access to a total $400 million under the Share Subscription Facility with GEM, with $392.5 million remaining. Surf Air Mobility intends to utilize the registered shares to request advances under the share subscription facility and satisfy other current obligations to register shares previously issued to GEM.
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Surf Air Mobility Inc. (NYSE: SRFM) will release their Q3 2023 financial results on November 14, 2023, after market close. A webcast will be hosted at 5:00 pm ET on the same day, with a registration link available on the investor relations website. A replay of the call will be available online for 21 days.
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Surf Air Mobility Inc.
NYSE:SRFM
SRFM Rankings
SRFM Stock Data
47.44M
12.88M
13.85%
30%
5.87%
Airlines
Air Transportation, Nonscheduled
United States
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