Surf Air Mobility Inc (SRFM) News & EventsSRFMSurf Air Mobility Inc

Surf Air Mobility Receives FAA Approval for OperatorOS

Surf Air Mobility announced that the Federal Aviation Administration has approved OperatorOS, Surf Air Mobility's proprietary flight operations software, as an authorized systems of record for the company's airlines to operate with electronic alternatives to paper signatures, records, and manuals. The approval from the FAA covers the Part 135 certificate under which both Southern Airways Express and Mokulele Airlines operate. By using OperatorOS, the company's pilots, mechanics, dispatchers, and trainers can now work from screens rather than paper binders. Crew records, training, weight and balance, bulletins, and safety reports are now electronic, as is every aircraft manual on the certificate, including the pilot operating handbook. OperatorOS is developed and tested within Surf Air Mobility's own airline operations before external release.

Selling Stockholders Plan to Sell 1.33M Shares of Common Stock

This filing relates to the offer and sale from time to time by the selling stockholders of up to 1.33M shares of common stock. The company is not selling any shares under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.

Surf Air Mobility Reports Q2 Revenue of $29.51M, Exceeding Expectations

Reports Q2 revenue $29.51M, consensus $28.23M. Deanna White, Chief Executive Officer of Surf Air Mobility, said: "The second quarter was strong. We delivered revenue at the high end of our guidance range and Adjusted EBITDA within our range, and we did so during one of the most volatile fuel cost environments the industry has experienced. Over the last year and a half, our Transformation Plan has focused on foundational work: building SurfOS, lowering our cost structure, rationalizing our route network, modernizing our fleet, and restructuring our balance sheet. As we shift our focus to the Expansion Phase of the plan, we believe the Company is now positioned to pursue revenue growth and improved profitability simultaneously."