US Market News
5日前
Surf Air Mobility Announces Debt Financing Transactions to Strengthen Balance Sheet and Reduce Future Shareholder DilutionJuly 1, 2026 8:07 AM
Business WireNew non-convertible $21.6 million asset-backed loan will provide incremental working capital.Remaining $47 million senior secured convertible note will be exchanged for two new instruments.New $17 million convertible note will reduce monthly payments by up to 50%.New $30 million non-convertible term note will be non-amortizing and non-interest bearing until January 2027.Transactions are structured to significantly increase balance sheet liquidity while meaningfully reducing shareholder dilution.Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility” or the “Company”) today announced two debt financing transactions designed to strengthen its balance sheet and reduce future shareholder dilution. Surf Air Mobility has entered into a definitive agreement to refinance its existing senior secured convertible note, which is expected to reduce the remaining principal – reduced from the original principal amount of $74 million to $47 million – by an additional 64% and monthly payments by up to 50%. Separately, certain subsidiaries of Surf Air Mobility have received the first disbursement of a new non-convertible $21.6 million asset-backed loan secured by new and existing aircraft. Together, the transactions are expected to significantly lower the Company’s near-term cash obligations, extend debt maturities and improve balance sheet liquidity.Oliver Reeves, Chief Financial Officer of Surf Air Mobility, said: “With these two important transactions, we are positioning ourselves to shift the majority of our convertible debt to term debt to minimize shareholder dilution. Upon completion, we expect significantly lower amortization, less dilution, and far greater flexibility around our liquidity going forward.”Over the last week, Surf Air Mobility announced the achievement of several key milestones, including its first enterprise software customer contract with Wheels Up, the expansion of its partnership with Palantir to accelerate the commercialization of SurfOS, and the demonstration of electric flight in Hawaii with BETA Technologies.Deanna White, Chief Executive Officer of Surf Air Mobility, said: “Stability in our capital structure will allow us to focus on both continuing to improve our operations and the commercialization of SurfOS. Our recent business development announcements with Palantir, Wheels Up, and BETA Technologies all represent momentum across our core objectives, and we look forward to communicating additional commercial milestones throughout the remainder of 2026.”Convertible RefinancingSurf Air Mobility has entered into a definitive agreement to refinance its existing senior secured convertible note due 2028, with a currently outstanding principal amount of approximately $46.9 million, into a new $16.9 million senior secured convertible note due 2027 and a new non-convertible $30 million senior secured term note due 2028. The new notes will be senior secured obligations of the Company, guaranteed by certain of the Company’s subsidiaries. Surf Air Mobility anticipates closing on the senior secured convertible note due 2027 and the new non-convertible $30 million senior secured term note due 2028, on or about July 1, 2026, subject to certain closing conditions.Upon completion, the new structure will reduce the existing convertible note principal by 64% and lowers monthly amortization payments from up to $4 million to up to $2 million, a reduction of up to 50%. The Company may make these payments in cash or stock, subject to certain conditions, providing additional flexibility to manage liquidity.Asset-Backed LoanCertain subsidiaries of Surf Air Mobility have also entered into a new non-convertible $21.6 million asset-backed loan, secured by new and existing aircraft. The loan, which significantly increases balance sheet liquidity, will fund in two tranches. The first disbursement occurred on June 30, 2026, and a second disbursement of $14 million is expected to occur within 30 days, subject to certain conditions, which will include a guaranty by Surf Air Mobility.Notice Regarding the SecuritiesThe offer and sale of the foregoing securities are being or will be made in reliance on an exemption from the registration requirement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), or Regulation D promulgated thereunder, Section 3(a)(9) of the Securities Act and/or applicable state securities laws, and the securities have not been and will not initially be registered under the Securities Act, or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Pursuant to the terms of the securities purchase agreement entered into with the lenders in the asset-based loan transaction, the Company has agreed to file a registration statement with the U.S. Securities and Exchange Commission (the "SEC") covering the resale of certain shares of common stock underlying warrants being issued to each of such lenders.This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities being offered, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Surf Air MobilitySurf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. The Company currently operates one of the largest commuter airlines in the United States by scheduled departures and provides private charter services. Together, these businesses provide the operational scale and real-world operating data to validate and deploy its software. These capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation.Forward-Looking StatementsThis Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s profitability and future financial results and its ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. For example, the Company is using forward-looking statements when it discusses the anticipated completion of the convertible note refinancing, which remains subject to closing conditions and may not be completed on the terms described or at all; the expectation that, upon completion of the transactions, the Company will have significantly lower amortization, less dilution, and far greater flexibility around its liquidity going forward; the expected use of proceeds; and the potential for a second disbursement under the asset-backed loan. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: the Company’s ability to satisfy the closing conditions to, and complete, the convertible note refinancing on the terms described herein or at all; the Company’s ability to anticipate the future needs of the air mobility market; the Company’s future ability to pay contractual obligations and liquidity, which will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in the Company’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain the Company’s growth; the inability of the Company’s customers to pay for the Company’s services; the inability of the Company to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against the Company, the risks associated with the Company’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. the Company assumes no obligation to update its forward-looking statements except as required by law.View source version on businesswire.com: https://www.businesswire.com/news/home/20260630322286/en/Surf Air Mobility Media Contacts
Press: press@surfair.com
Investors: investors@surfair.com Original: Surf Air Mobility Announces Debt Financing Transactions to Strengthen Balance Sheet and Reduce Future Shareholder Dilution
US Market News
1週前
Electric Aviation Demonstrations Launch in Hawai?i: BETA Technologies and Surf Air Mobility Partner on Landmark Demonstration Program; Hawaiian Airlines Supporting Evaluation ActivitiesJune 26, 2026 8:00 AM
Business Wire BETA Technologies are conducting market survey demonstration flights using the ALIA CTOL for approximately six to eight weeks, generating data and advancing community education on electric aviation in Hawai?i. Surf Air Mobility became the first Part 135 operator to commercialize electric passenger flights for scheduled service and On Demand charter. Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”) and BETA Technologies (NYSE: BETA) ("BETA") announced the launch of an electric aircraft demonstration program in Hawai?i, with Hawaiian Airlines (NYSE: ALK), part of Alaska Air Group, providing support in key areas, such as sharing insights on Hawai?i cargo and passenger routes, participating in feasibility assessments, and supporting local stakeholder and community engagement activities. On Thursday, Hawaiian Airlines hosted the launch event for the trial at its Charles I. Elliott Maintenance and Cargo Facility at Daniel K. Inouye International Airport. This was an important next step toward the deployment of these next-generation aircraft for real-world regional air service. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260626814207/en/BETA's ALIA CTOL aircraft flying in Hawai?i. BETA's ALIA CTOL electric aircraft has begun conducting demonstration flights across Hawai?i as part of an approximately six to eight-week flight campaign to evaluate the operational, economic and infrastructure requirements for future electric aircraft operations in the state. The program brings together BETA's electric aircraft technology, Surf Air Mobility's regional airline expertise as Mokulele Airlines, existing Hawai’i airport ground infrastructure, and SurfOSTM software. Hawaiian Airlines, Hawai’i's largest and longest-serving carrier, serves as a link between the islands, the continental United States, and international destinations across the Pacific. This landmark demonstration program will provide key learnings as to how electric aircraft could support future cargo and passenger operations across Hawai?i's interisland network. The demonstration program represents a commitment to understanding how new technologies can sustain strong transportation infrastructure with lower emissions and expanded energy alternatives with more stable prices than aviation fuel. BETA will conduct demonstration flights in Hawai?i and will share operational insights and learnings throughout the program. Hawai?i's short interisland route structure and established demand for regional air transportation make it an ideal environment to evaluate electric aircraft operations at commercial scale. Specifically, the program will generate data and operational learnings that help answer some of the most important questions surrounding the future deployment of electric aircraft, including: Aircraft performance across Hawai?i's routes, weather conditions, and operating environment Direct operating costs and economic factors that will help determine the commercial performance of future electric aircraft operations Maintenance requirements and servicing needs associated with operating electric aircraft in commercial service Battery performance, energy consumption, and operating costs across representative interisland missions Crew training and familiarization requirements, ground handling procedures, safety protocols, and charging infrastructure needs across the network The data generated through the program will support broader efforts to advance sustainable aviation solutions across the state. Kyle Clark, Chief Executive Officer and Founder of BETA Technologies, said: "Connecting the Hawaiian islands with low cost cargo and passenger service is a great application for electric advanced air mobility. These early demonstrations will showcase the utility and economics of the BETA ALIA aircraft firsthand to Surf Air and inform future high cadence, sustainable intraisland service.” Diana Birkett Rakow, Chief Executive Officer of Hawaiian Airlines, said: “Hawaiian Airlines has a deep and sustained responsibility not only to provide critical air service to, from and within the islands and to carry the spirit of Hawai‘i with us on the journey, we are also driven – with Alaska Airlines – to cultivate innovation and support the technologies that will enable a strong and resilient future for aviation. This program provides an opportunity to better understand how BETA’s electrified aircraft can support safe and reliable cargo and passenger air service for short-haul service while improving the environmental impact of that flying.” Deanna White, Chief Executive Officer of Surf Air Mobility, said: "The aviation industry has talked about electric flight for years. The question is no longer whether electric aircraft can fly, but rather how they can now be successfully integrated into commercial service. The data generated through this program will help define the operational, economic, and infrastructure requirements needed to advance the next generation of regional air transportation." Surf Air Mobility intends to deploy BETA aircraft throughout its Hawai?i operations for both cargo and passenger missions following FAA certification. Through its Mokulele Airlines subsidiary, the company operates Hawai?i's largest commuter airline network by airports served and departures, providing an established operational foundation for future electric aircraft deployment. As previously announced, Surf Air Mobility is preparing to establish a Maintenance, Repair, and Overhaul (MRO) facility in Hawai?i that, once certified, is expected to serve as the factory-authorized service center for BETA aircraft in the state. The facility is expected to support long-term electric aircraft operations and help build the technical infrastructure necessary to scale commercial electric aviation. About BETA Technologies BETA (NYSE: BETA) is an aerospace and defense company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems to top operators worldwide. BETA has built and flown its family of ALIA aircraft, consisting of both conventional fixed-wing electric aircraft (the “ALIA CTOL”) and electric vertical takeoff and landing aircraft (the “ALIA VTOL”), more than 150,000 nautical miles, including multiple trips across the United States. BETA is deploying a network of charging infrastructure to enable the growing industry with more than 100 sites across the United States and internationally. BETA’s intentional approach to developing the enabling technologies necessary to electrify aviation unlocks lucrative aftermarket revenue opportunities over the life of each aircraft. These highly scalable enabling technologies allow BETA to serve a customer base across cargo and logistics, defense, passenger and medical end markets and unlock cost-effective and safe missions. BETA was named the #1 company on TIME’s list of the World’s Top GreenTech Companies of 2025. Visit www.beta.team for more information about BETA and its products. About Surf Air Mobility Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. Surf Air Mobility currently operates Mokulele Airlines, one of the largest commuter airlines in the United States by scheduled departures and provides private charter services. Together, these businesses provide the operational scale and real-world operating data to validate and deploy its software. These capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation. About Hawaiian Airlines Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what’s happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as “ALK.” Forward-Looking Statements This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of Surf Air Mobility’s management as well as assumptions made by and information currently available to Surf Air Mobility and reflect Surf Air Mobility’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air Mobility’s ability to anticipate the future needs of the air mobility market; Surf Air Mobility’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air Mobility’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air Mobility, the risks associated with Surf Air Mobility’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that Surf Air Mobility files with the SEC, and investors are urged to review those periodic reports and Surf Air Mobility’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. Surf Air Mobility assumes no obligation to update its forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260626814207/en/ BETA Technologies Media Contacts
Media: Nat Bol, press@beta.team
Investor Relations: Devon Rothman, investors@beta.team
High-resolution images and b-roll of the BETA ALIA CTOL aircraft are available. Surf Air Mobility Media Contacts
Press: press@surfair.com
Investors: investors@surfair.com Hawaiian Airlines Media Contact
Press: newsroom@alaskaair.com Original: Electric Aviation Demonstrations Launch in Hawai?i: BETA Technologies and Surf Air Mobility Partner on Landmark Demonstration Program; Hawaiian Airlines Supporting Evaluation Activities
US Market News
3週前
Surf Air Mobility Showcases AIP-Enabled BrokerOS at Palantir AIPCon 10June 16, 2026 7:30 AM
Business Wire Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, the “Company”) today highlighted the Company’s recent participation in Palantir Technologies' (“Palantir”) AIPCon 10 on June 4, 2026, where the Company showcased its SurfOSTM software enhanced with Palantir's Artificial Intelligence Platform (“AIP”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260616241431/en/ As part of the demo, Surf Air Mobility featured BrokerOS. The Company’s approach to technology was further showcased in Liam Fayed’s, Co-Founder of Surf Air Mobility, participation in Palantir's "In the Field" video series, which provides a closer look at the Company’s SurfOS vision and how the Company is using its software in day-to-day operations. The “In the Field” video featuring Liam Fayed can be viewed here as well as on the Company’s Events & Presentations webpage of its investor website. About Surf Air Mobility Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. The Company currently operates one of the largest commuter airlines in the United States by scheduled departures and provides private charter services. Together, these businesses provide the operational scale and real-world operating data to validate and deploy its software. These capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation. Forward-Looking Statements This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s profitability and future financial results and its ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air Mobility’s ability to anticipate the future needs of the air mobility market; Surf Air Mobility’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air Mobility’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air Mobility, the risks associated with Surf Air Mobility’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260616241431/en/ Surf Air Mobility Media Contacts
Press: press@surfair.com
Investors: investors@surfair.com Original: Surf Air Mobility Showcases AIP-Enabled BrokerOS at Palantir AIPCon 10
US Market News
1月前
Surf Air Mobility to Present at Palantir Technologies' AIPCon on June 4, 2026June 4, 2026 7:30 AM
Business Wire Surf Air Mobility to showcase BrokerOS, its first commercial software product enabled by Palantir Technologies’ AIP Surf Air Mobility (the “Company”) (NYSE: SRFM), a leading air mobility platform, today announced the Company’s Co-Founder, Liam Fayed, is presenting at Palantir Technologies' (“Palantir”) AIPCon today, June 4, 2026. The Company will demonstrate BrokerOS, its first commercially available SurfOS™ software product, and other AIP-enabled features. BrokerOS is an AI-enabled software product purpose-built for Part 135 aviation charter brokers. Commercially live since December 2025, BrokerOS streamlines and automates critical processes, including aircraft sourcing, quoting, and trip management workflows to increase charter brokers’ efficiency and productivity. Liam Fayed, Co-Founder of Surf Air Mobility, said: "BrokerOS represents a meaningful shift in how private aviation brokers do their jobs. Presenting at AIPCon gives us the opportunity to show what's possible when our deep industry expertise is combined with Palantir AIP." As Palantir's partner and through the companies’ teaming agreements for enterprise accounts, the Company is positioned to offer SurfOS as the next-generation, AI-enabled software operating system for Part 135 aviation markets to replace fragmented legacy software. About Surf Air Mobility Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. The Company currently operates one of the largest commuter airlines in the United States by scheduled departures and provides private charter services. Together, these businesses provide the operational scale and real-world operating data to validate and deploy its software. These capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation. Forward-Looking Statements This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air Mobility’s ability to anticipate the future needs of the air mobility market; Surf Air Mobility’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air Mobility’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air Mobility, the risks associated with Surf Air Mobility’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604376519/en/ Surf Air Mobility Media Contacts
Press: press@surfair.com
Investors: investors@surfair.com Original: Surf Air Mobility to Present at Palantir Technologies' AIPCon on June 4, 2026
US Market News
2月前
Surf Air Mobility Releases Videos Showcasing Internal Impact of SurfOSMay 15, 2026 6:55 AM
Business Wire Videos highlight how SurfOS™ is improving operational performance at Southern Airways Express, Mokulele Airlines, and Surf On Demand. Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”, or “Surf Air Mobility”) today released two videos showcasing the positive impact of SurfOS on the Company’s airline and private charter businesses. SurfOS is Surf Air Mobility’s proprietary all-in-one, AI-enabled software for the private aviation and air mobility industry powered by Palantir Technologies. SurfOS Impact on the Airline Business:
SurfOS has transformed Surf Air Mobility's airline business. SurfOS powers Southern Airways’ and Mokulele Airlines’ day-to-day operations and crew scheduling, and improves data visibility across the network. Watch video on the Company's Events & Presentation page here. SurfOS Impact on the Surf On Demand Private Charter Business:
BrokerOS, a SurfOS product, enables the Company’s Surf On Demand private charter business to run on a single, end-to-end software solution by streamlining aircraft sourcing, charter pricing, operator communications, and enhances passenger experience. BrokerOS underpins the Company’s Powered by Surf On Demand program which grows the Company’s sales force without a proportionate increase in fixed costs. Watch video on the Company's Events & Presentation page here. SurfOS is designed to bring AI-enabled digital infrastructure to private aviation and air mobility starting with Surf Air Mobility's own operations and expanding to third-party airlines, operators, and aircraft owners, and manufacturers through BrokerOS, OperatorOS, and SurfOS Enterprise Solutions. BrokerOS launched commercially in December 2025. OperatorOS is targeted for commercial release in the second half of 2026. About Surf Air Mobility
Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. The Company currently operates one of the largest commuter airlines in the United States by scheduled departures and provides private charter services. Together, these businesses provide the operational scale and real-world operating data to validate and deploy its software. These capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation. Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s profitability and future financial results and its ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air Mobility’s ability to anticipate the future needs of the air mobility market; Surf Air Mobility’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air Mobility’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air Mobility, the risks associated with Surf Air Mobility’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260515969593/en/ Surf Air Mobility Media Contacts
Press: press@surfair.com
Investors: investors@surfair.com Original: Surf Air Mobility Releases Videos Showcasing Internal Impact of SurfOS
US Market News
2月前
Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 1Q26May 13, 2026 9:34 AM
NewsfileDallas, Texas--(Newsfile Corp. - May 13, 2026) - Surf Air Mobility Inc. (NYSE: SRFM): Stonegate Capital Partners Updates Coverage on Surf Air Mobility Inc. (NYSE: SRFM). SRFM's 1Q26 results showed continued execution under the transformation plan, with revenue of $25.6M at the high end of guidance and up 9% y/y, while adjusted EBITDA loss of $12.3M outperformed guidance for a loss of $15.5M to $13.5M. Results were supported by improved On Demand private charter margins, cost controls across airline operations, and faster, more cost-efficient SurfOS development and deployment. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Transformation plan is beginning to show operating leverage. 1Q26 revenue of $25.6M came in at the high end of guidance, while adjusted EBITDA loss of $(12.3)M beat guidance, supported by route rationalization, On Demand margin expansion, and tighter cost controls. On Demand and SurfOS are becoming the core growth/margin drivers. Surf On Demand revenue increased 77% y/y to $10.1M, with revenue per flight up 38% and gross margin up ~340 bps, while BrokerOS and OperatorOS traction suggest SurfOS is moving toward a commercial software platform. FY26 setup improved as guidance de-risked and valuation remains discounted. Management maintained FY26 revenue guidance of $128M-$138M and improved adjusted EBITDA loss guidance by ~40%, while SRFM trades at 1.3x FY27 EV/Revenue versus comps at 2.4x, supporting potential multiple re-rating if execution continues. Click image above to view full announcement. About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies. Contacts: Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com Source: Stonegate, Inc. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297315 Original: Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 1Q26
US Market News
2月前
Surf Air Mobility Joins FAA-Sponsored Center for Advanced Aviation Technologies ConsortiumMay 13, 2026 6:55 AM
Business Wire Surf Air Mobility gains access to FAA-funded research programs, task order eligibility, and working group discussions. Surf Air Mobility brings operational, data, and AI-enabled software capabilities to the consortium. Surf Air Mobility becomes first Part 135 passenger operator to join the consortium. Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, or the “Company”), a leading air mobility platform, announced today the Company has joined the Center for Advanced Aviation Technologies (“CAAT”) Consortium as a member organization. Surf Air Mobility is the first Part 135 passenger operator to join the consortium. The CAAT is a national initiative between the Texas A&M University System and the Federal Aviation Administration (“FAA”). The consortium is designed to bring together government, academia, and industry participants to advance the safe integration of emerging electric aircraft, autonomous systems, and advanced aviation technologies into the National Airspace System. As a consortium member, Surf Air Mobility will: Be eligible to respond to FAA-funded task orders exclusive to consortium members Have visibility into FAA-sponsored research priorities, emerging aviation technology needs, and evaluation pathways available to CAAT member organizations Participate in FAA-member discussions and working groups shaping future solicitations Collaborate on opportunities with academic, industry, nonprofit, and government partners across the consortium Deanna White, CEO of Surf Air Mobility, said: "Surf Air Mobility is building an intelligent operating system for air mobility, and the CAAT gives us a direct connection to the FAA's research and development priorities that will shape the future of aviation. Membership puts us alongside the organizations defining how next-generation aviation technologies integrate into the national airspace and positions us to leverage the impact of our operational, data, and AI-enabled software capabilities." Albert Bejarano, Acting Associate Director for Center of Advanced Aviation Technologies, said: "CAAT was established to bring government, academia, and industry together to support the safe integration of advanced aviation technologies into the National Airspace System. Surf Air Mobility brings a valuable industry perspective through its real-world aviation operations, operational data, and software-enabled capabilities. Their participation strengthens the consortium’s ability to support FAA-sponsored research, working group discussions, and future technology evaluation efforts." About Surf Air Mobility Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. The Company currently operates one of the largest commuter airlines in the United States by scheduled departures and provides private charter services. Together, these businesses provide the operational scale and real-world operating data to validate and deploy its software. These capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation. Forward-Looking Statements This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air Mobility’s ability to anticipate the future needs of the air mobility market; Surf Air Mobility’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air Mobility’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air Mobility, the risks associated with Surf Air Mobility’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513531116/en/ Surf Air Mobility Media Contacts
Press: press@surfair.com
Investors: investors@surfair.com Original: Surf Air Mobility Joins FAA-Sponsored Center for Advanced Aviation Technologies Consortium