SURF AIR MOBILITY Business Summary

Surf Air Mobility Inc. (SRFM) operates as a leading regional air mobility platform, generating revenue through a hybrid model of scheduled commuter flights, on-demand charter services, and a high-margin software-as-a-service (SaaS) ecosystem. The company’s primary business segments include Air Mobility, anchored by Mokulele Airlines—the largest commuter carrier in the U.S. by scheduled departures—and Air Technology, which focuses on the commercialization of SurfOS and the development of electrified powertrain technology for the Cessna Grand Caravan. As of February 2026, the company is aggressively scaling its SurfOS platform, comprising BrokerOS, OperatorOS, and OwnerOS, to unify the fragmented Part 135 aviation market. Surf Air Mobility competes directly with Blade Air Mobility, Wheels Up, Joby Aviation, and JSX, positioning itself as a technology-led infrastructure provider that bridges the gap between traditional regional aviation and the future of electric, zero-emission flight. Leadership is spearheaded by CEO and COO Deanna White, a seasoned aviation executive with a pedigree that includes leadership roles at Kitty Hawk and Bombardier’s Flexjet. She is supported by CFO Oliver Reeves, formerly of Xinuos and Coliseum Capital Management, and Jim Sullivan, who serves as President of Air Mobility. The company was co-founded by Sudhin Shahani and Liam Fayed, the latter serving as Chief Brand & Experience Officer. The Board of Directors is chaired by Carl Albert, the former owner and CEO of Fairchild Aircraft, and includes notable members such as Shawn Pelsinger, a former Palantir executive who facilitates the company’s deep strategic partnership with Palantir Technologies. Palantir remains a significant strategic investor, providing the AI-driven Foundry and AIP platforms that power SurfOS, while other major stakeholders include Jetstream Aviation Capital and various institutional investors.