Surf Air Mobility Enters Agreement to Supply Electric Powertrains to Tanzanian Cessna Caravan Operator Auric Air
Surf Air Mobility Inc. (SRFM)
Company Research
Source: Business Wire
Auric Air to upgrade up to 12 of their Cessna Grand Caravan fleet with Surf Air’s electrified powertrains to lower emissions and reduce direct operating costs. LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has entered into a memorandum of understanding with Auric Air Services Ltd. (“Auric Air”), a Tanzania-based regional air operator flying both scheduled and charter service across East Africa, to upgrade up to 12 of Auric Air’s Cessna Grand Caravan aircraft with Surf Air’s proprietary electrified powertrain technology once certified.Surf Air now has approximately 13% of the Cessna Caravan market in Africa under agreement to upgrade to its electrified powertrains, once certified.Surf Air is developing Supplemental Type Certifications for both hybrid and fully-electric variants of the Cessna Grand Caravan. With target reductions of up to 50% direct operating costs and 100% in carbon emis
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SRFM
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- 11/14/23 - Miss
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- 4/1/24 - Canaccord Genuity
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Sec Filings
- 5/1/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- SRFM's page on the SEC website