FAA Proposes $280,000 Penalty Against Southern Airways Express
The U.S. Federal Aviation Administration has warned it may fine Surf Air a massive $280,000 after one of its subsidiaries may have operated a number of flights with an unqualified pilot.
Surf Air secures preferred delivery positions on 90 eSTOL aircraft from ElectraSurf Air and Electra will collaborate on the development of route networks to be served by Surf Air’s air mobility network leveraging the Electra eSTOL aircraftSurf Air is the preferred lessor and provider of Electra eSTOL aircraft to Surf Air customers under its Aircraft-as-a-Service leasing program
Identify the necessary prerequisites for development of Surf Air Mobility’s proprietary technology in BrazilConduct a technical exchange on the Brazilian regulatory and infrastructural requirements to operate an aircraft with electric powertrainSeek to understand how electric powertrain can be applied to Azul Conecta’s Cessna Caravan aircraft and operationsSeek to implement electric powertrains in Azul’s existing Cessna Caravan aircraft
Surf Air Mobility - the air mobility platform transforming regional flying through electrification, has reported its third-quarter results and announced that it remains on track to meet its full-year 2023 guidance.
BUSINESS HIGHLIGHTS
“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,” said Stan Little, Surf Air’s chief executive officer.
Surf Air Mobility - the air mobility platform transforming regional flying through electrification, has reported its third-quarter results and announced that it remains on track to meet its full-year 2023 guidance.
BUSINESS HIGHLIGHTS
“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,” said Stan Little, Surf Air’s chief executive officer.
Surf Air Mobility pays a deposit for first 20 aircraft with deliveries beginning in the first half of 2024
Photo: Business Wire |
SAM has also announced today that the Company has entered into a business combination agreement with Tuscan Holdings Corp. II (“THCA”), that will result, subject to the satisfaction or waiver of certain closing conditions, in SAM becoming a publicly listed company.
SAM plans to develop supplemental type certificates (“STC”) for its proprietary electrification solutions, powered by magniX’s market-leading electric propulsion units (“EPUs”). AeroTEC will provide engineering, testing, program management, and certification expertise to support design, development, and FAA Certification. magniX and AeroTEC have successfully flown a fully-electric Cessna Grand Caravan 208B, demonstrating the technology and proving the feasibility of the future of electrified air travel.
“AeroTEC’s capabilities, deep experience in design, engineering and program management of certification of STCs are well known. magniX is a leader in the development of aircraft electric propulsion systems and innovation. AeroTEC and magniX are perfect partners for SAM to accelerate electrification of Cessna Grand Caravans and to lead the new era of green flying,” said Sudhin Shahani, Co-founder and CEO of Surf Air Mobility.
“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,” said Sudhin Shahani, Co-founder and CEO of Surf Air Mobility. “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.”
SAM’s agreements with AeroTEC and magniX will help the Company accelerate the introduction of its proprietary electrification technology. magniX has successfully flown the world’s largest fully-electric aircraft to date, a prototype Cessna Grand Caravan 208B, which it calls the eCaravan. SAM is designing its initial hybrid-electric Cessna Grand Caravans to have the same flight range capabilities as their fully combustion counterparts, which will allow the Company to utilize the hybrid electric Cessna Grand Caravan aircraft across its own existing network, connecting more airports with direct flights and building a regional mass transport platform to sustainably connect communities across the U.S. SAM also intends to make hybrid electric powertrain upgrades available to fleet owners on and off its consumer platform, as well as license its technology to OEMs for new aircraft types.
SAM’s proprietary electrified propulsion technology, once developed, would target carbon emission reductions of up to 50% on its first-generation Cessna Grand Caravans, helping to reduce the 915 million metric tons of carbon dioxide emitted by the aviation industry globally per year. By targeting direct operating cost reductions of up to 25% on its first-generation Cessna Grand Caravans, lower cost point-to-point flight networks can connect previously economically untenable markets with non-stop and direct, regularly scheduled flights. SAM’s initial hybrid-electric aircraft will not require charging stations, new takeoff and landing infrastructure, or changes to zoning, allowing the aircraft to operate anywhere in the U.S., unlocking more air travel potential for over 5,000 underserved public airports.
"Surf Air Mobility’s practical approach to scaling the decarbonization of aviation is built on a base of tangible revenue, industry-leading electrification technology, and significant growth prospects for the future,” stated Stephen A. Vogel, Tuscan Holdings. “Surf Air Mobility’s management team is first class, and with their leadership, we have confidence this transaction will enable the Company to reach its true growth potential.”