Announced
Financials
Tags
Domestic
Friendly
Private
Pending
Acquisition
United States
Single Bidder
Aerospace
air transportation
Merger
Majority
Synopsis
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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