Surf Air Mobility Inc. (NYSE: SRFM)

Surf Air Mobility Inc. (NYSE: SRFM) is a pioneering electric aviation and air travel company focused on expanding regional air mobility through the power of electrification. By developing hybrid and fully electric aircraft, the company aims to make air travel more accessible, cost-effective, and environmentally sustainable. Its innovative approach combines electrification technology with existing aviation infrastructure to accelerate the adoption of low-emission regional flights.

The company envisions a future where regional air travel is no longer constrained by high costs and carbon emissions. By integrating electrified propulsion systems into widely used aircraft models, Surf Air Mobility seeks to provide efficient, scalable solutions that address the needs of underserved markets. Its goal is to establish a robust regional air mobility network that connects smaller airports and reduces reliance on traditional ground transportation.

With a mission to sustainably connect communities and redefine the future of aviation, Surf Air Mobility is committed to advancing electrified air travel at scale. Through strategic partnerships, cutting-edge technology, and an emphasis on operational efficiency, the company is positioning itself as a leader in the next generation of air mobility.

Surf Air Mobility is headquartered in Los Angeles, California.

Products

Surf Air Mobility is developing a portfolio of solutions aimed at transforming regional aviation:

• Electrified Aircraft: The company is working to retrofit existing turboprop aircraft, such as the Cessna Grand Caravan, with hybrid-electric and fully electric propulsion systems. The first-generation hybrid powertrain aims to reduce emissions by up to 50% and cut direct operating costs by 25%, while the fully electric model is expected to achieve a 100% reduction in emissions.
• SurfOS: A proprietary aviation operating system powered by AI, developed in collaboration with Palantir. This platform is designed to optimize flight scheduling, fleet management, and passenger operations, replacing outdated aviation software with a more intelligent and scalable solution.
• Sustainable Air Mobility Solutions: The company’s initiatives focus on reducing aviation’s carbon footprint through electrification, enabling regional carriers to transition toward greener, more efficient operations.

Market Opportunity

The regional air mobility market represents a significant growth opportunity, with an estimated total addressable market ranging between $75 billion and $115 billion by 2035. With over 11,700 Part 135 aircraft in the United States alone and approximately 2.4 billion annual trips covering distances of 50 to 500 miles, demand for cost-effective and sustainable air travel is increasing.

As regulatory bodies and the aviation industry push toward carbon neutrality, electrified aircraft present a viable solution for reducing emissions while maintaining efficiency. Surf Air Mobility’s strategy of electrifying existing aircraft models allows for quicker market entry compared to new aircraft development, positioning the company ahead of competitors in the regional air mobility sector.

Strategic partnerships, including collaborations with industry leaders in electrification and software development, further strengthen Surf Air Mobility’s competitive position. The company’s hybrid and electric aircraft solutions align with global trends favoring sustainable transportation and are expected to play a key role in the evolution of regional air travel.

Leadership Team

Deanna White, CEO & COO, has extensive experience in aviation leadership, having served as COO at Kitty Hawk and CEO of Bombardier Flexjet. She holds a BS in accounting from the University of Tampa, as well as an MBA and an MA in cybersecurity from the University of Dallas.

Oliver Reeves, Chief Financial Officer, brings a strong background in capital markets strategy. He previously served as Chief Strategy Officer of Xinuos, Inc. and has held key financial roles at Coliseum Capital Management, Gerson Global Advisors, and Phoenix Star Capital. He holds an MBA from Columbia Business School and graduated summa cum laude from Babson College.

Sudhin Shahani, Co-founder, has played a pivotal role in shaping Surf Air Mobility’s vision. Before co-founding the company, he was an Entrepreneur in Residence at Anthem Ventures, where he led investments and served on the boards of several startups.

Liam Fayed, Co-founder, oversees branding, marketing, and customer experience initiatives at Surf Air Mobility. Previously, he founded and led BESPOKEN New York, a menswear brand known for its innovation in luxury fashion.

Bob Waltz, Vice President of Flight Operations, brings deep industry experience, having previously served as Vice President of Flight Operations and Chief Pilot at Southwest Airlines, where he led regulatory compliance, flight safety, and pilot training initiatives.