SURF AIR MOBILITY entered into binding terms for $35.2m Mandatory Convertible Debenture with GEM; deal includes cancelling previously issued shares, restricting sales and redemption fights, and increasing drawdown capacity to $400m.
AIRBUS delivered first A321neo assembled at new (former A380) final assembly line at Toulouse to PEGASUS; delivery of aircraft, together with FALs in Hamburg, Mobile and Tianjin, starts ramp-up of A320 production to 75/month by 2026.
