Surf Air raises $200 million; hires former Virgin America CEO

Surf Air raises $200 million

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.”

Surf Air buys online private aviation marketplace BlackBird Air; Creates Surf Air Mobility Corporation

Surf Air raises $200 million

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 Aviation Authority.

ZED Aerospace is planning to launch AURA, a luxury by the seat airline in 2019

AURA, if it takes off, will be the latest semiprivate airline, selling seats on a scheduled private jet like aircraft and avoiding commercial airport terminals at fares competitive to commercial airlines

 

ZED Aerospace, a start-up started in March 2016, according to the founder’s LinkedIn profile, will launch AURA, what it is calling America’s first Five Star flight experience, in 2019. The by the seat membership flights will link Miami, Ft. Lauderdale, New York City, Chicago, Los Angeles, Atlanta and Denver with scheduled flights using Bombardier CRJ700 aircraft reconfigured for just 29 passengers. The aircraft will be operated by Presidential Aviation a leading Part 135 charter operator and management company. AURA joins a growing list of companies attempting to prove there is a market for scheduled alternatives to the commercial airlines that use smaller aircraft and avoid the congestion of large airport terminals.

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