Surf Air Mobility says it has received a commitment for $200 million in advance of plans to go public
Surf Air Mobility, the product of a recent merger between Surf Air and Blackbird, will announce next week it has secured a $200 million investment commitment from Global Emerging Markets Group (GEM). The company bills itself as “a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world.”
The new entity wants to ‘transform’ the 50-to-400-mile mobility market
50% of all flights are under 500 miles, it says
BlackBird was recently under FAA scrutiny
Surf Air has been trying to fly past liquidation of its European arm, a lawsuit with a former operator and IRS tax lien
Plans call for phasing out the BlackBird Air name
Los Angeles-based Surf Air said it has acquired BlackBird
Air, an online aviation marketplace that has been under scrutiny from the Federal
In March, Private Jet Card Comparisons published an extensive report detailing potential legal risks for users
“Despite BlackBird’s assertion that the pilots are not transporting persons or property, it is clear that they are being hired for that very purpose.” – Federal Aviation Administration
BlackBird CEO Rudd Davis says the company “will pause” activity under FAA scrutiny. Calls it “a minority of our business.”
Read the full letter from the FAA to BlackBird
In a letter dated Dec. 17, 2019, obtained by Private Jet Card Comparisons, the Federal Aviation Administration tells Uber for private flight digital platform Blackbird it plans to continue an investigation into the company.
We give you tips on how to avoid being sold an illegal charter, and better yet, the most current list of Part 135 aircraft and operators
There’s the old adage, you get what you pay for, and in private aviation, it can often be true. The cost of the pilots, their training, private jet maintenance and everything it takes to dispatch your flight in a timely and safe manner, including some profit for the operator and broker, needs to be baked into what you are paying.
Of course, just because you pay a high price doesn’t
necessarily mean you’re getting what you pay and while you may get good pricing
and have an enjoyable flight, you may be getting less than you paid for as
Blackbird promises to “defy gravity” with inexpensive private flights on private jets, turboprops and piston aircraft. Takeoff with the knowledge that this isn’t a traditional air charter
“We bring you the freedom of flight…No matter who you are, no matter what you do, we all face challenges, obstacles, rules, limitations and frustrations—this daily struggle is gravity that pulls us down and tries to keep us from reaching our potential. Together we will defy gravity.” – BlackBird website
I leased a private aircraft and hired a pilot in less than 10 minutes. Was it legal?
On March 12, 2019, I received a press release from BlackBird CEO and founder Rudd Davis. It was titled, “We just raised $10 million to bring you more freedom.”
It read, “We started BlackBird to make personal aviation as accessible and affordable as driving. Today, I’m excited to announce, we’ve taken another huge step toward making this a reality with the close of a $10 million Series A.”