Surf Air Mobility signs $450 million financing deal with Jetstream Aviation for fleet expansion

Surf Air Mobility (SAM) has signed a $450 million aircraft financing facility with Jetstream Aviation Capital through a customized operating lease and sale structure that will fund the planned growth of SAM’s fleet of turboprop aircraft. Apart from this Jetstream has expressed its intent to commit to purchasing up to 250 hybrid and fully-electric powertrains from SAM over the course of five years following FAA certification. This is also subject to the negotiation of pricing, terms, and the minimum commitment and definitive documentation, demonstrating a meaningful commitment to SAM’s mission to electrify the regional air ecosystem. Each powertrain is expected