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REGENT Announces Deal with Surf Air to Establish Seaglider Service in Miami
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NORTH KINGSTOWN, R.I.–October 12, 2023–REGENT, the company pioneering all-electric seagliders for zero-emission coastal travel, announced today that it will partner with Surf Air Mobility to establish a base for seaglider operations in Miami that will provide passenger transport service for South Florida, including routes from Miami, Fort Lauderdale, Palm Beach, and the Caribbean Islands. This deal is the continuation of a longstanding relationship between REGENT and Surf Air subsidiary Southern Airways. The seagliders may be in service as soon as 2027.
Approximately 9 million passengers travel through South Florida each year across commercial air, ferry, rail, and car. Miami-based seaglider operations could serve as many as 1.5 million passengers annually, connecting travelers between coastal destinations as well as major transportation hubs including Miami International Airport and PortMiami.
Surf Air Mobility is uniquely positioned to commercialize and scale new innovative technologies in the regional air mobility space. As the largest commuter airline in the U.S. by scheduled departures, Surf Air intends to leverage its existing passengers, operator relationships, and unprecedented commercial relationships with other industry leaders to be the platform for new vehicles like the REGENT seaglider to come to market and grow more quickly.
“REGENT seagliders are a great solution to the growing transportation needs of residents and visitors in Miami and South Florida,” said Stan Little, CEO of Surf Air Mobility. “By leveraging our platform at Surf Air to bring new, electrified transportation to market, we believe REGENT seagliders can unlock new routes along Florida’s coastal corridors that complement our existing service networks and further our commitment to operating an electrified fleet.”
Surf Air (NYSE:SRFM) recently acquired Southern Airways, which REGENT announced earlier this year will take delivery of the first 12-passenger Viceroy seaglider under their Mokulele brand.
“We’re thrilled to have Surf Air as our premier operating partner in Miami and South Florida,” said Billy Thalheimer, co-founder and CEO of REGENT. “Our shared vision for sustainable transportation is equally matched by the forward-thinking public leaders and infrastructure providers in Miami working to accelerate the adoption of innovative and environmentally friendly transportation technologies like seagliders.”
Seagliders are a new mode of travel that combine the speed of an aircraft with the convenience of a boat. Purpose-built to serve coastal and island communities, seagliders operate exclusively over the water and leverage existing dock infrastructure to carry people and goods up to 180 miles using today’s battery technology.
“Miami-Dade County is leading the way in building a vibrant economy, environment, and transportation system that serves our rapidly growing population,” said Oliver G. Gilbert III, Chairman of the Board of Commissioners in Miami-Dade County. “Adding seagliders into our network of advanced mobility technologies will grow our state and local economies and serve as a model for metropolitan transportation networks worldwide.”
About REGENT
REGENT is leading the way in sustainable maritime transportation. Using cutting-edge technology and innovative design, REGENT has created a new category of vehicle that is fast, efficient, and emission-free. REGENT’s seagliders combine the speed of an airplane with the maneuverability of a boat and travel exclusively over water using existing dock infrastructure. Seagliders can be seamlessly integrated into any fleet and REGENT has already obtained $8 billion in orders from major airlines and leading ferry operators on six continents. For more information, please visit regentcraft.com.
About Surf Air Mobility
Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to reinvent flying through the power of electrification. In an effort to substantially reduce the cost and environmental impact of flying and as the operator of the largest commuter airline in the US, Surf Air Mobility intends to develop powertrain technology with its commercial partners to electrify existing fleets and bring electrified aircraft to market at scale. The management team has deep experience and expertise across aviation, electrification, and consumer technology.
Contacts
For Press:
press@surfair.com
For Investors:
investors@surfair.com
Featured Image @ FreePik
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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Surf Air Mobility Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Surf Air Mobility Inc.’s industry; (b) market opportunity; (c) Surf Air Mobility Inc.’s business plans and strategies; (d) services that Surf Air Mobility Inc. intends to offer; (e) Surf Air Mobility Inc.’s milestone projections and targets; (f) Surf Air Mobility Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Surf Air Mobility Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Surf Air Mobility Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Surf Air Mobility Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Surf Air Mobility Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Surf Air Mobility Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Surf Air Mobility Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Surf Air Mobility Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Surf Air Mobility Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Surf Air Mobility Inc.’s business operations (e) Surf Air Mobility Inc. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Surf Air Mobility Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Surf Air Mobility Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Surf Air Mobility Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
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