Surf Air Mobility said it is moving forward with its SPAC and will merge with Southern Airways in deals that will give it a $1.42 billion value
Surf Air Mobility said it has entered into a definitive agreement, subject to closing conditions and regulatory approval, which will result in a merger with Southern Airways Corporation, parent company of Southern Airways.
Surf Air is offering limited discounts, including 20 flights for $6,900, or $345 per segment
Surf Air is having a Black Friday Sale with limited, discounted offers.
Set Jet is offering a by-the-seat model aboard true private jets like JetSmarter, but it’s competing against new models like JSX
Scottsdale-based SetJet wants to go where JetSmarter went, hopefully with lots of publicity but none of the lawsuits. In trying to attract customers from the first-class cabin of American Airlines, it is also competing against other by-the-seat semiprivate options like JSX and Surf Air.
The Wheels Up move follows private aviation and eVTOL focused SPAC filings from Flexjet chairman Kenn Ricci, Surf Air, and Blade in recent months
This morning, a report from Reuters claims Wheels Up is in discussions with Aspirational Consumer Lifestyle Corp to go public through a merger with the SPAC blank-check acquisition company. The article said the deal could value the private aviation provider at “more than $2 billion.”
According to a Private Jet Card Comparisons’ analysis, Wheels Up is the second-largest operator of for-hire private aircraft behind NetJets with an estimated 8.3% of the market.