Surf Air Mobility, an American electric aviation company, and Tuscan Holdings II, a SPAC, terminate a $1.4bn merger. "We believe deploying hybrid electric propulsion technology on existing aircraft at scale will be the most significant step we can take toward decarbonization of aviation in this decade. We’re at a moment when the increasing consumer demand for faster, affordable, and cleaner regional travel will be met with SAM’s electrification ecosystem to accelerate the industry’s adoption of green flying," Sudhin Shahani, Surf Air Mobility CEO. On November 16, 2022, Surf Air Mobility and Tuscan Holdings II terminate a $1.4bn merger.