Surf Air Mobility

Surf Air Mobility was formed in February 2020 following the acquisition of BlackBird Air.[3] The company also controls Surf Air, a private air travel company providing the ability to access short-haul regional flights that range from 50 to 500 miles.[4][5]

In September 2020, Surf Air Mobility secured a commitment for $200 million in funding from Global Emerging Markets Group (GEM).[6][7]

In February 2021, Surf Air Mobility entered an agreement to acquire Ampaire,[8][9] an electric aviation company that develops hybrid-electric powertrains for aircraft such as the Ampaire Electric EEL based on the Cessna 337 and the Cessna Grand Caravan.[10][11][12] The agreement has since been called off.[13]

In July 2021, Surf Air Mobility announced that it has entered into a relationship with Textron Aviation to develop an electrified Cessna Grand Caravan, beginning with a hybrid electric Cessna Grand Caravan aircraft.[14][15] Surf Air Mobility has agreed to purchase up to 150 Cessna Grand Caravan EX single-engine turboprops,[16] with an initial fleet order of 100 aircraft and an option for 50 more.[17][18]

In July 2023, Surf Air Mobility went public on the stock market through a direct listing on the New York Stock Exchange (under the ticker symbol "SRFM").[19] A decision many finance outlets described as risky.[20][21][22] As part of Surf Air Mobility's debut on the stock market, it completed its acquisition of Southern Airways Express in August 2023.[23]