Surf Air Ends SPAC, Plans Direct Listing

Surf Air Mobility

Surf Air plans to develop a hybrid-electric Caravan conversion with AeroTEC, MagniX and Textron Aviation.

Credit: Surf Air Mobility
U.S. regional aviation provider Surf Air Mobility has abandoned plans to list publicly through a merger with a blank-check company and has instead filed with the Securities and Exchange Commission for a direct listing. Unlike a conventional initial public offering, no new shares are created in a...

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Surf Air Ends SPAC, Plans Direct Listing is published in Advanced Air Mobility Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN Premium membership.

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