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New Deal


Announced

Surf Air Mobility to merge with Southern Airways Corporation.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

Private

Pending

Acquisition

United States

Single Bidder

Aerospace

air transportation

Merger

Majority

Synopsis

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Surf Air Mobility, a company working to accelerate the adoption of green aviation, agreed to merge with Southern Airways Corporation, an airlines.commuter. Financial terms were not disclosed. “The addition of Southern Airways will allow us to more rapidly bring green flying solutions to real flyers. Southern’s fleet of Cessna Caravans will be the foundation for the next generation of aircraft as we upgrade the fleet to hybrid electric powertrains. Our first generation of electrified aircraft will meaningfully decarbonize aviation and help alleviate the environmental impact of flying by targeting emission reductions by as much as 25 percent versus conventional propulsion systems," Carl Albert, Surf Air Mobility Chairman.

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