Surf Air Mobility (NYSE: SRFM), the air mobility platform transforming regional flying through electrification, has reported third quarter results in which it grew revenues from its regional air travel service and continued to advance its electrified aircraft program.
The company said it remains on track to meet full-year 2023 revenue guidance while also making significant headway in its electrification business. During the quarter, the company confirmed its order of 100 Cessna Grand Caravan EX aircrafts and also finalized a data license agreement with Textron Aviation to de-risk electrification timelines.
Surf Air says that it also made significant progress in advancing both engineering and design specifications of its electrification program as part of its collaboration with AeroTEC.
Company CEO Stan Little stated: “We are making solid progress toward our long-term goal of expanding the airline network and advancing our electrified aircraft program with proprietary powertrain technology. Over time, this will enable us to bring other innovative electric aircraft to market, lowering operating costs and driving growth for the entire regional air mobility market.”
The company also announced a new partnership with REGENT during the quarter in which Surf Air will be the seaglider launch customer in Hawaii, with additional plans to establish a base of operations for seaglider passenger services throughout South Florida, the Bahamas, and the Caribbean.
Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to reinvent flying through the power of electrification.
Shares of Surf Air Mobility trade on the NYSE under the ticker symbol SRFM. For more information visit www.surfair.com.
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